FX.co ★ Zions Bancorp Profit Drops In Q1, misses estimates

Zions Bancorp (ZION) recently announced a decline in their first quarter earnings compared to the same period the previous year, failing to meet the expected market estimates. The company's net income for the first quarter was $143 million, equivalent to $0.96 per share, down from $198 million or $1.33 per share in the first quarter of the last year.

Thomson Reuters had compiled figures indicating that analysts had, on average, anticipated the company to earn $0.96 per share. It should be noted that these estimates often do not consider special, irregular factors.

To sum up, the first quarter earnings of Zions Bancorp gave these figures: earnings were $143 million, a drop from $198 million last year; earnings per share (EPS) were $0.96, a decrease from $1.33 the previous year.