First Commonwealth Financial Bottom Line Retreats 12% In Q1

(RTTNews) - First Commonwealth Financial (FCF) announced a profit for first quarter that lost ground compared to the same period last year.

The company said its profit declined to $12.47 million, or $0.14 per share. This was lower than $14.22 million, or $0.16 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.

First Commonwealth Financial earnings at a glance:

-Earnings (Q1): $12.47 Mln. vs. $14.22 Mln. last year. -Earnings Decline (Y-o-Y): -12.3% -EPS (Q1): $0.14 vs. $0.16 last year. -EPS Decline (Y-o-Y): -12.5% -Analysts Estimate: $0.15