Boston Private Financial Holdings Inc. Reveals 18% Retreat In Q1 Profit

(RTTNews) - Boston Private Financial Holdings Inc. (BPFH) revealed earnings for first quarter that dropped compared to the same period last year.

The company said its profit fell to $14.50 million, or $0.17 per share. This was down from $17.75 million, or $0.21 per share, in last year's first quarter.

Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Boston Private Financial Holdings Inc. earnings at a glance:

-Earnings (Q1): $14.50 Mln. vs. $17.75 Mln. last year. -Earnings Decline (Y-o-Y): -18.3% -EPS (Q1): $0.17 vs. $0.21 last year. -EPS Decline (Y-o-Y): -19.0% -Analysts Estimate: $0.21