2023-01-25 11:52:03

US Bancorp Announces Retreat In Q4 Income, misses estimates

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Nasdaq
By Rtt News

(RTTNews) - US Bancorp (USB) reported a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings totaled $0.85 billion, or $0.57 per share. This compares with $1.58 billion, or $1.07 per share, in last year's fourth 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 12.1% to $6.37 billion from $5.68 billion last year.

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