Investing.com - Ameriprise Financial (NYSE:AMP) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ameriprise Financial announced earnings per share of $5.41 on revenue of $3.00B. Analysts polled by Investing.com anticipated EPS of $3.95 on revenue of $2.93B. That with comparison to EPS of $3.75 on revenue of $3.15B in the same period a year before.Ameriprise Financial had reported EPS of $4.2 on revenue of $3.32B in the previous quarter.Analysts are expecting EPS of $3.65 and revenue of $2.82B in the upcoming quarter.
Ameriprise Financial shares are down 35% from the beginning of the year and are trading at $107.44 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.2% year to date.
Ameriprise Financial follows other major Financial sector earnings this month
Ameriprise Financial's report follows an earnings missed by Berkshire Hathaway on Saturday, who reported EPS of $3608.56 on revenue of $26.06B, compared to forecasts EPS of $3777.89 on revenue of $63.31B.
UnitedHealth had beat expectations on Wednesday, April 15, 2020 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar