Ameriprise Financial Inc. Announces 16% Rise In Q2 Bottom Line

(RTTNews) - Ameriprise Financial Inc. (AMP) reported a profit for its second quarter that rose from last year.

The company said its bottom line rose to $441 million, or $2.80 per share. This was higher than $379 million, or $2.33 per share, in last year's second quarter.

Analysts had expected the company to earn $2.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.2% to $2.99 billion. This was up from $2.87 billion last year.

Ameriprise Financial Inc. earnings at a glance:

-Earnings (Q2): $441 Mln. vs. $379 Mln. last year. -Earnings Growth (Y-o-Y): 16.4% -EPS (Q2): $2.80 vs. $2.33 last year. -EPS Growth (Y-o-Y): 20.2% -Analysts Estimate: $2.62 -Revenue (Q2): $2.99 Bln vs. $2.87 Bln last year. -Revenue Change (Y-o-Y): 4.2%