WASHINGTON (dpa-AFX) - Comerica Inc. (CMA) announced a profit for its first quarter that rose from last year.
The company's earnings came in at $281 million, or $1.59 per share. This compares with $202 million, or $1.11 per share, in last year's first quarter.
Excluding items, Comerica Inc. reported adjusted earnings of $269 million or $1.54 per share for the period.
Analysts had expected the company to earn $1.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Comerica Inc. earnings at a glance:
-Earnings (Q1): $269 Mln. vs. $183 Mln. last year. -EPS (Q1): $1.54 vs. $1.02 last year. -Analysts Estimate: $1.53
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