17.07.2024 12:37:06
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First Horizon Corporation Q2 Profit Decreases, Misses Estimates
(RTTNews) - First Horizon Corporation (FHN) announced earnings for second quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $184 million, or $0.34 per share. This compares with $317 million, or $0.56 per share, in last year's second quarter.
Excluding items, First Horizon Corporation reported adjusted earnings of $195 million or $0.36 per share for the period.
Analysts on average had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 20.9% to $815 million from $1.03 billion last year.
First Horizon Corporation earnings at a glance (GAAP) :
-Earnings (Q2): $184 Mln. vs. $317 Mln. last year. -EPS (Q2): $0.34 vs. $0.56 last year. -Revenue (Q2): $815 Mln vs. $1.03 Bln last year.
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