first national corp. (FXNC) announced earnings for first quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $1.59 million, or $0.18 per share. This compares with $3.20 million, or $0.51 per share, last year.
Excluding items, first national corp. reported adjusted earnings of $3.15 million or $0.35 per share for the period.
Analysts on average had expected the company to earn $0.54 per share. Analysts' estimates typically exclude special items.
first national corp. earnings at a glance (GAAP) :
-Earnings: $1.59 Mln. vs. $3.20 Mln. last year.
-EPS: $0.18 vs. $0.51 last year.
For comments and feedback: editorial@rttnews.com