Astoria Financial Q2 Profit Drops 9%

(RTTNews) - Astoria Financial (AF) announced earnings for second quarter that decreased compared to the same period last year.

The company said its earnings totaled $16.14 million, or $0.16 per share. This was lower than $17.83 million, or $0.18 per share, in last year's second quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.4% to $83.09 million. This was down from $85.15 million last year.

Astoria Financial earnings at a glance:

-Earnings (Q2): $16.14 Mln. vs. $17.83 Mln. last year. -Earnings Decline (Y-o-Y): -9.5% -EPS (Q2): $0.16 vs. $0.18 last year. -EPS Decline (Y-o-Y): -11.1% -Analysts Estimate: $0.16 -Revenue (Q2): $83.09 Mln vs. $85.15 Mln last year. -Revenue Change (Y-o-Y): -2.4%