Comerica Inc. Q3 Income Retreats 12%

(RTTNews) - Comerica Inc. (CMA) released a profit for third quarter that decreased compared to the same period last year.

The company said its bottom line came in at $134 million, or $0.74 per share. This was lower than $152 million, or $0.82 per share, in last year's third quarter.

Analysts had expected the company to earn $0.70 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Comerica Inc. earnings at a glance:

-Earnings (Q3): $134 Mln. vs. $152 Mln. last year. -Earnings Decline (Y-o-Y): -11.8% -EPS (Q3): $0.74 vs. $0.82 last year. -EPS Decline (Y-o-Y): -9.8% -Analysts Estimate: $0.70