First Horizon Corporation Q2 Profit Increases, Beats Estimates

(RTTNews) - First Horizon Corporation (FHN) announced earnings for its second quarter that Increased from the same period last year and beat the Street estimates.

The company's earnings came in at $254 million, or $0.50 per share. This compares with $213 million, or $0.40 per share, last year.

Excluding items, First Horizon Corporation reported adjusted earnings of $263 million or $0.51 per share for the period.

Analysts on average had expected the company to earn $0.45 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 7.4% to $889 million from $828 million last year.

First Horizon Corporation earnings at a glance (GAAP) :

-Earnings: $254 Mln. vs. $213 Mln. last year. -EPS: $0.50 vs. $0.40 last year. -Revenue: $889 Mln vs. $828 Mln last year.