Ameriprise Financial Inc. Reports 8% Decline In Q1 Profit

(RTTNews) - Ameriprise Financial Inc. (AMP) reported earnings for first quarter that declined from last year.

The company said its bottom line came in at $378 million, or $2.17 per share. This was down from $412 million, or $2.18 per share, in last year's first quarter.

Analysts had expected the company to earn $2.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.2% to $2.77 billion. This was down from $3.05 billion last year.

Ameriprise Financial Inc. earnings at a glance:

-Earnings (Q1): $378 Mln. vs. $412 Mln. last year. -Earnings Decline (Y-o-Y): -8.3% -EPS (Q1): $2.17 vs. $2.18 last year. -EPS Decline (Y-o-Y): -0.5% -Analysts Estimate: $2.18 -Revenue (Q1): $2.77 Bln vs. $3.05 Bln last year. -Revenue Change (Y-o-Y): -9.2%