Comerica Inc. Bottom Line Retreats 55% In Q1

(RTTNews) - Comerica Inc. (CMA) announced a profit for first quarter that retreated compared to the same period last year.

The company said its profit declined to $59 million, or $0.34 per share. This was down from $132 million, or $0.73 per share, in last year's first quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Comerica Inc. earnings at a glance:

-Earnings (Q1): $59 Mln. vs. $132 Mln. last year. -Earnings Decline (Y-o-Y): -55.3% -EPS (Q1): $0.34 vs. $0.73 last year. -EPS Decline (Y-o-Y): -53.4% -Analysts Estimate: $0.45