Northern Trust Corporation (NASDAQ:NTRS) reported its second quarter earnings results on Wednesday 22nd July 2020 before market open.
The asset management services provider, reported $ 1.46 income per share for the quarter, beat the consensus estimate of $ 1.37 income per share by $ 0.09 or 6.57 percent.
The quarterly earnings down 16.57 percent compared with the same quarter last year.
The firm had revenue of $ 1,506.00 million for the quarter, compared to the consensus estimate of $ 1485.83 million. The revenues outshined analysts estimates by $ 20.17 million or 1.36 percent.
The financial report showed revenues fell 0.04 percent versus second quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Michael O’Grady, Chairman and Chief Executive Officer, stated, We continue to focus on serving the needs of our clients, the communities of which we are a part and our employees as we navigate the ongoing pandemic and related environment. As a part of this effort, during the quarter we announced a commitment to provide $20 million over 5 years to expand access to resources that address essential human needs, including food, housing, healthcare and education, to bridge the gap that threatens the broader prosperity of our society.
