Ameriprise Financial Inc. Q4 Profit Decreases, but beats estimates
(RTTNews) - Ameriprise Financial Inc. (AMP) revealed a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $494 million, or $4.43 per share. This compares with $701 million, or $5.96 per share, in last year's fourth quarter.
Excluding items, Ameriprise Financial Inc. reported adjusted earnings of $773 million or $6.94 per share for the period.
Analysts on average had expected the company to earn $6.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
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