Raymond James Financial, Inc. Q3 Profit Decreases, Misses Estimates

(RTTNews) - Raymond James Financial, Inc. (RJF) revealed a profit for third quarter that Decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $435 million, or $2.12 per share. This compares with $491 million, or $2.31 per share, last year.

Excluding items, Raymond James Financial, Inc. reported adjusted earnings of $449 million or $2.18 per share for the period.

Analysts on average had expected the company to earn $2.36 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 5.0% to $3.39 billion from $3.23 billion last year.

Raymond James Financial, Inc. earnings at a glance (GAAP) :

-Earnings: $435 Mln. vs. $491 Mln. last year. -EPS: $2.12 vs. $2.31 last year. -Revenue: $3.39 Bln vs. $3.23 Bln last year.