WASHINGTON (dpa-AFX) - Truist Financial Corporation (TFC) revealed a profit for its third quarter that Increased from last year and beat the Street estimates.
The company's earnings totaled $1.348 billion, or $1.04 per share. This compares with $1.336 billion, or $0.99 per share, last year.
Excluding items, Truist Financial Corporation reported adjusted earnings of $1.348 billion or $1.04 per share for the period.
Analysts on average had expected the company to earn $0.99 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 1.9% to $5.238 billion from $5.140 billion last year.
Truist Financial Corporation earnings at a glance (GAAP) :
-Earnings: $1.348 Bln. vs. $1.336 Bln. last year. -EPS: $1.04 vs. $0.99 last year. -Revenue: $5.238 Bln vs. $5.140 Bln last year.
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