(RTTNews) - National Bank of Canada (NA.TO) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at C$997 million, or C$2.78 per share. This compares with C$922 million, or C$2.59 per share, last year.
Excluding items, National Bank of Canada reported adjusted earnings of C$1.050 billion or C$2.93 per share for the period.
Analysts on average had expected the company to earn C$2.66 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 17.5% to C$3.183 billion from C$2.710 billion last year.
National Bank of Canada earnings at a glance (GAAP) :
-Earnings: C$997 Mln. vs. C$922 Mln. last year. -EPS: C$2.78 vs. C$2.59 last year. -Revenue: C$3.183 Bln vs. C$2.710 Bln last year.
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