Regions Financial Corp. Q3 Earnings Fall 19%

(RTTNews) - Regions Financial Corp. (RF) released a profit for third quarter that retreated from last year.

The company said its profit declined to $242 million, or $0.18 per share. This was down from $300 million, or $0.22 per share, in last year's third quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.5% to $1.34 billion. This was up from $1.32 billion last year.

Regions Financial Corp. earnings at a glance:

-Earnings (Q3): $242 Mln. vs. $300 Mln. last year. -Earnings Decline (Y-o-Y): -19.3% -EPS (Q3): $0.18 vs. $0.22 last year. -EPS Decline (Y-o-Y): -18.2% -Analysts Estimate: $0.20 -Revenue (Q3): $1.34 Bln vs. $1.32 Bln last year. -Revenue Change (Y-o-Y): 1.5%