Before the stock market opened, First Horizon (NYSE: FHN) announced its financial results for the first quarter.
- Despite revenue challenges, earnings remained strong and outperformed market forecasts.
- A revenue of $812 million was recorded for the quarter, with adjusted earnings coming in at $0.42 per share.
- Analysts’ estimates pointed to income of $0.40 for the quarter, with projected revenue of $823.49 million.
- Year-over-year, the company experienced a 2.3 percent decline in quarterly earnings and a 0.9 percent reduction in revenue.
