First Horizon Corporation Q2 Profit Decreases, Misses Estimates

(RTTNews) - First Horizon Corporation (FHN) announced earnings for second quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled $184 million, or $0.34 per share. This compares with $317 million, or $0.56 per share, in last year's second quarter.

Excluding items, First Horizon Corporation reported adjusted earnings of $195 million or $0.36 per share for the period.

Analysts on average had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 20.9% to $815 million from $1.03 billion last year.

First Horizon Corporation earnings at a glance (GAAP) :

-Earnings (Q2): $184 Mln. vs. $317 Mln. last year. -EPS (Q2): $0.34 vs. $0.56 last year. -Revenue (Q2): $815 Mln vs. $1.03 Bln last year.