US Bancorp Profit Declines In Q3, misses estimates

(RTTNews) - US Bancorp (USB) revealed earnings for third quarter that decreased from last year and missed the Street estimates.

The company's earnings came in at $1.72 billion, or $1.16 per share. This compares with $1.93 billion, or $1.30 per share, in last year's third quarter.

Analysts on average had expected the company to earn $1.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.5% to $6.33 billion from $5.89 billion last year.

US Bancorp earnings at a glance (GAAP) :

-Earnings (Q3): $1.72 Bln. vs. $1.93 Bln. last year. -EPS (Q3): $1.16 vs. $1.30 last year. -Analyst Estimates: $1.17 -Revenue (Q3): $6.33 Bln vs. $5.89 Bln last year.