State Street Misses Analysts' Estimates on 3Q
October 19 2018 - 7:49AM
Dow Jones News
By Allison Prang
State Street Corp.'s (STT) profit rose 13% in the latest quarter
but the company missed analysts' estimates for both its bottom line
and revenue.
The company reported earnings of $709 million, or $1.87 a share,
up from $629 million, or $1.66 a share. Analysts polled by
Refinitiv were expecting earnings of $1.89 a share.
Total revenue rose 3.7% to $2.95 billion. Analysts polled by
Refinitiv were expecting $3.02 billion.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 19, 2018 07:34 ET (11:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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