Northern Trust Corp. Profit Climbs In Q2

(RTTNews) - Northern Trust Corp. (NTRS) reported a profit for its second quarter that increased from last year.

The company's profit came in at $390.4 million, or $1.68 per share. This compares with $267.9 million, or $1.12 per share, in last year's second quarter.

Analysts had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.3% to $1.52 billion from $1.33 billion last year.

Northern Trust Corp. earnings at a glance:

-Earnings (Q2): $390.4 Mln. vs. $267.9 Mln. last year. -EPS (Q2): $1.68 vs. $1.12 last year. -Analysts Estimate: $0.63 -Revenue (Q2): $1.52 Bln vs. $1.33 Bln last year.