First Horizon National Q3 Profit Decreases, but beats estimates

(RTTNews) - First Horizon National (FHN) announced earnings for third quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $129 million, or $0.23 per share. This compares with $257 million, or $0.45 per share, in last year's third quarter.

Excluding items, First Horizon National reported adjusted earnings of $150 million or $0.27 per share for the period.

Analysts on average had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 11.1% to $778 million from $875 million last year.

First Horizon National earnings at a glance (GAAP) :

-Earnings (Q3): $129 Mln. vs. $257 Mln. last year. -EPS (Q3): $0.23 vs. $0.45 last year. -Analyst Estimates: $0.24 -Revenue (Q3): $778 Mln vs. $875 Mln last year.