Comerica Inc. Q4 Profit Increases, But Misses Estimates

(RTTNews) - Comerica Inc. (CMA) announced earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's bottom line came in at $163 million, or $1.22 per share. This compares with $27 million, or $0.20 per share, last year.

Excluding items, Comerica Inc. reported adjusted earnings of $160 million or $1.20 per share for the period.

Analysts on average had expected the company to earn $1.26 per share. Analysts' estimates typically exclude special items.

Comerica Inc. earnings at a glance (GAAP) :

-Earnings: $163 Mln. vs. $27 Mln. last year. -EPS: $1.22 vs. $0.20 last year.