KeyCorp Bottom Line Drops In Q4, misses estimates

(RTTNews) - KeyCorp (KEY) announced a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $30 million, or $0.03 per share. This compares with $356 million, or $0.38 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 18.9% to $1.54 billion from $1.90 billion last year.

KeyCorp earnings at a glance (GAAP) :

-Earnings (Q4): $30 Mln. vs. $356 Mln. last year. -EPS (Q4): $0.03 vs. $0.38 last year. -Analyst Estimates: $0.23 -Revenue (Q4): $1.54 Bln vs. $1.90 Bln last year.