Ameriprise Financial Inc. Announces 13% Fall In Q2 Bottom Line

(RTTNews) - Ameriprise Financial Inc. (AMP) revealed a profit for second quarter that declined from last year.

The company said its bottom line dropped to $379 million, or $2.23 per share. This was down from $434 million, or $2.33 per share, in last year's second quarter.

Analysts had expected the company to earn $2.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.3% to $2.87 billion. This was down from $3.13 billion last year.

Ameriprise Financial Inc. earnings at a glance:

-Earnings (Q2): $379 Mln. vs. $434 Mln. last year. -Earnings Decline (Y-o-Y): -12.7% -EPS (Q2): $2.23 vs. $2.33 last year. -EPS Decline (Y-o-Y): -4.3% -Analysts Estimate: $2.26 -Revenue (Q2): $2.87 Bln vs. $3.13 Bln last year. -Revenue Change (Y-o-Y): -8.3%