Zions Bancorporation Falls 3% After Earnings
Zions Bancorporation (NASDAQ: ZION) released its fiscal fourth quarter earnings results after the closing bell on Monday. The company reported net earnings applicable to common shareholders of $44.4 million or $0.24 per share, compared to a loss of $110.3 million or $0.62 per share, in last year's fourth quarter.
On an adjusted basis, which is comparable to analysts' consensus estimates, ZION reported earnings of $53.5 million or $0.30 per share. This compared to Wall Street analysts' consensus EPS estimates of $0.30.
Revenues came in at $560.2 million which was less than Street consensus estimates of $581.1 million.
In the after hours trading session, ZION shares have lost 3% to $17.99.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.