KeyCorp Q2 Profit Increases, Beats Estimates

(RTTNews) - KeyCorp (KEY) reported a profit for its second quarter that Increased from last year and beat the Street estimates.

The company's earnings came in at $389 million, or $0.35 per share. This compares with $238 million, or $0.25 per share, last year.

Excluding items, KeyCorp reported adjusted earnings of $387 million or $0.35 per share for the period.

Analysts on average had expected the company to earn $0.34 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 20.6% to $1.840 billion from $1.526 billion last year.

KeyCorp earnings at a glance (GAAP) :

-Earnings: $389 Mln. vs. $238 Mln. last year. -EPS: $0.35 vs. $0.25 last year. -Revenue: $1.840 Bln vs. $1.526 Bln last year.