Arrow Financial Corp. (AROW) revealed a profit for first quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $6.31 million, or $0.38 per share. This compares with $7.66 million, or $0.45 per share, last year.
Analysts on average had expected the company to earn $0.43 per share. Analysts' estimates typically exclude special items.
Arrow Financial Corp. earnings at a glance (GAAP) :
-Earnings: $6.31 Mln. vs. $7.66 Mln. last year.
-EPS: $0.38 vs. $0.45 last year.
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