Ameriprise Financial Inc. Reports 5% Rise In Q3 Earnings

(RTTNews) - Ameriprise Financial Inc. (AMP) reported earnings for its third quarter that rose from last year.

The company said its bottom line rose to $429 million, or $2.35 per share. This was higher than $407 million, or $2.10 per share, in last year's third quarter.

Analysts had expected the company to earn $2.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.1% to $2.89 billion. This was down from $3.11 billion last year.

Ameriprise Financial Inc. earnings at a glance:

-Earnings (Q3): $429 Mln. vs. $407 Mln. last year. -Earnings Growth (Y-o-Y): 5.4% -EPS (Q3): $2.35 vs. $2.10 last year. -EPS Growth (Y-o-Y): 11.9% -Analysts Estimate: $2.33 -Revenue (Q3): $2.89 Bln vs. $3.11 Bln last year. -Revenue Change (Y-o-Y): -7.1%