NEW YORK CITY (dpa-AFX) - The Bank of New York Mellon Corp. (BK) revealed a profit for second quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $835 million, or $1.03 per share. This compares with $991 million, or $1.13 per share, in last year's second quarter.
Analysts on average had expected the company to earn $1.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.3% to $4.25 billion from $3.96 billion last year.
The Bank of New York Mellon Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $835 Mln. vs. $991 Mln. last year. -EPS (Q2): $1.03 vs. $1.13 last year. -Analyst Estimates: $1.12 -Revenue (Q2): $4.25 Bln vs. $3.96 Bln last year.
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