State Street Corp. stock fell 6% in premarket trades after the Boston-based financial firm missed consensus estimates for profit and revenue. State Street...
State Street Corp. STT stock fell 6% in premarket trades after the Boston-based financial firm missed consensus estimates for profit and revenue. State Street said its first-quarter net income fell to $549 million, or $1.52 a share, from $604 million, or $1.57 a share, in the year-ago quarter. First-quarter revenue rose slightly to $3.101 billion from $3.081 billion in the year-ago quarter. State Street missed the Wall Street analyst forecasts for $1.64 a share for earnings and $3.
STT stock fell 6% in premarket trades after the Boston-based financial firm missed consensus estimates for profit and revenue. State Street said its first-quarter net income fell to $549 million, or $1.52 a share, from $604 million, or $1.57 a share, in the year-ago quarter. First-quarter revenue rose slightly to $3.101 billion from $3.081 billion in the year-ago quarter. State Street missed the Wall Street analyst forecasts for $1.64 a share for earnings and $3.
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