Astoria Financial Profit Falls 4% In Q1

(RTTNews) - Astoria Financial (AF) announced earnings for first quarter that decreased from last year.

The company said its earnings fell to $16.37 million, or $0.16 per share. This was down from $17.11 million, or $0.17 per share, in last year's first quarter.

Analysts had expected the company to earn $0.15 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.9% to $83.25 million. This was down from $85.72 million last year.

Astoria Financial earnings at a glance:

-Earnings (Q1): $16.37 Mln. vs. $17.11 Mln. last year. -Earnings Decline (Y-o-Y): -4.3% -EPS (Q1): $0.16 vs. $0.17 last year. -EPS Decline (Y-o-Y): -5.9% -Analysts Estimate: $0.15 -Revenue (Q1): $83.25 Mln vs. $85.72 Mln last year. -Revenue Change (Y-o-Y): -2.9%