PNC Financial Services Group Inc. Q4 Profit Increases, but misses estimates

(RTTNews) - PNC Financial Services Group Inc. (PNC) released earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's earnings came in at $1.41 billion, or $3.47 per share. This compares with $1.22 billion, or $2.86 per share, in last year's fourth quarter.

Excluding items, PNC Financial Services Group Inc. reported adjusted earnings of $1.41 billion or $3.49 per share for the period.

Analysts on average had expected the company to earn $3.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.3% to $5.76 billion from $5.13 billion last year.

PNC Financial Services Group Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $1.41 Bln. vs. $1.22 Bln. last year. -EPS (Q4): $3.47 vs. $2.86 last year. -Analyst Estimate: $3.95 -Revenue (Q4): $5.76 Bln vs. $5.13 Bln last year.