(RTTNews) – Royal Bank of Canada (RY.TO) announced earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company’s bottom line totaled C$4.128 billion, or C$2.91 per share. This compares with C$3.870 billion, or C$2.76 per share, in last year’s fourth quarter.
Excluding items, Royal Bank of Canada reported adjusted earnings of C$4.345 billion or C$3.07 per share for the period.
Analysts on average had expected the company to earn C$3.01 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 18.8% to C$15.074 billion from C$12.685 billion last year.
Royal Bank of Canada earnings at a glance (GAAP) :
-Earnings (Q4): C$4.128 Bln. vs. C$3.870 Bln. last year.
-EPS (Q4): C$2.91 vs. C$2.76 last year.
-Revenue (Q4): C$15.074 Bln vs. C$12.685 Bln last year.
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