Northern Trust Corp. Bottom Line Climbs In Q2, Beats Estimates

(RTTNews) - Northern Trust Corp. (NTRS) revealed a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $891.4 million, or $4.34 per share. This compares with $327.1 million, or $1.56 per share, in last year's second quarter.

Analysts on average had expected the company to earn $1.90 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 54.5% to $2.72 billion from $1.76 billion last year.

Northern Trust Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $891.4 Mln. vs. $327.1 Mln. last year. -EPS (Q2): $4.34 vs. $1.56 last year. -Revenue (Q2): $2.72 Bln vs. $1.76 Bln last year.