WASHINGTON (dpa-AFX) - Ameriprise Financial Inc. (AMP) reported a profit for its first quarter that gained ground from last year.
The company said its bottom line advanced to $432 million, or $2.70 per share. This was higher than $378 million, or $2.17 per share, in last year's first quarter.
Analysts had expected the company to earn $2.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 4.7% to $2.90 billion. This was up from $2.77 billion last year.
Ameriprise Financial Inc. earnings at a glance:
-Earnings (Q1): $432 Mln. vs. $378 Mln. last year. -Earnings Growth (Y-o-Y): 14.3% -EPS (Q1): $2.70 vs. $2.17 last year. -EPS Growth (Y-o-Y): 24.4% -Analysts Estimate: $2.52 -Revenue (Q1): $2.90 Bln vs. $2.77 Bln last year. -Revenue Change (Y-o-Y): 4.7%
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