UPDATE: U.S. Bancorp Posts In-Line Q1 Earnings

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U.S. Bancorp
USB
reported a 2.2% drop in its first-quarter earnings. U.S. Bancorp's quarterly profit slipped to $1.4 billion, from a year-ago profit of $1.43 billion. Its per-share earnings came in flat at $0.73. Its revenue declined 1.2% to $4.81 billion. However, analysts were expecting earnings of $0.73 per share on revenue of $4.8 billion. U.S. Bancorp shares gained 0.78% to $41.33 in pre-market trading.
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Posted In: EarningsNewsprofit
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