Ameriprise Financial Inc. Q2 Profit Increases, beats estimates

(RTTNews) - Ameriprise Financial Inc. (AMP) announced earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $756 million, or $6.61 per share. This compares with $591 million, or $4.88 per share, in last year's second quarter.

Excluding items, Ameriprise Financial Inc. reported adjusted earnings of $665M or $5.81 per share for the period.

Analysts on average had expected the company to earn $5.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.6% to $3.51 billion from $3.42 billion last year.

Ameriprise Financial Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $756 Mln. vs. $591 Mln. last year. -EPS (Q2): $6.61 vs. $4.88 last year. -Analyst Estimate: $5.56 -Revenue (Q2): $3.51 Bln vs. $3.42 Bln last year.