BB&T Corporation Q1 Profit Falls 28%

(RTTNews) - BB&T Corporation (BBT) released earnings for first quarter that declined from last year.

The company said its profit declined to $0.38 billion, or $0.46 per share. This was lower than $0.53 billion, or $0.67 per share, in last year's first quarter.

Analysts had expected the company to earn $0.73 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.0% to $2.78 billion. This was up from $2.55 billion last year.

BB&T Corporation earnings at a glance:

-Earnings (Q1): $0.38 Bln. vs. $0.53 Bln. last year. -Earnings Decline (Y-o-Y): -28.3% -EPS (Q1): $0.46 vs. $0.67 last year. -EPS Decline (Y-o-Y): -31.3% -Analysts Estimate: $0.73 -Revenue (Q1): $2.78 Bln vs. $2.55 Bln last year. -Revenue Change (Y-o-Y): 9.0%