Yahoo Finance Northern Trust First Quarter 2024 Earnings: Misses Expectations
Northern Trust (NASDAQ:NTRS) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.66b (down 4.3% from 1Q 2023).
Net income: US$196.1m (down 38% from 1Q 2023).
Profit margin: 12% (down from 18% in 1Q 2023). The decrease in margin was primarily driven by lower revenue.
EPS: US$0.96 (down from US$1.51 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Northern Trust Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 9.8%.
Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are down 4.9% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Northern Trust's balance sheet and an in-depth analysis of the company's financial position.
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