Northern Trust Corp. Q2 Profit Advances, but misses estimates

(RTTNews) - Northern Trust Corp. (NTRS) announced earnings for its second quarter that increased from last year but missed the Street estimates.

The company's bottom line came in at $388.3 million, or $1.86 per share. This compares with $360.2 million, or $1.72 per share, in last year's second quarter.

Analysts on average had expected the company to earn $1.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.9% to $1.78 billion from $1.59 billion last year.

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

-Earnings (Q2): $388.3 Mln. vs. $360.2 Mln. last year. -EPS (Q2): $1.86 vs. $1.72 last year. -Analyst Estimate: $1.95 -Revenue (Q2): $1.78 Bln vs. $1.59 Bln last year.