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Earnings Updates & Surprises ~ PNC

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fourkids_9pets Member Level  Saturday, 01/28/12 11:17:41 AM
Re: fourkids_9pets post# 37
Post # of 64 
Earnings Updates & Surprises ~ PNC

Updates, advisories and surprises
By MarketWatch.com
Friday, Jan. 20


PNC Financial net income, revenue falls(7:23 am ET)

NEW YORK (MarketWatch) -- PNC Financial Services Group Inc. (PNC: news, chart, profile) on Wednesday said its fourth-quarter profit fell to $493 million, or 85 cents a share, from $820 million, or $1.50 a share, in the year-ago period. Excluding 30 cents a share in one-time costs for foreclosure-related expenses and a non-cash charge of 24 cents a share, the Pittsburgh lender earned $1.39 a share in the latest period, compared to $1.40 a share in the year-ago period, excluding one-time items. Revenue fell to $3.5 billion from $3.9 billion. Wall Street analysts expected PNC to earn $1.44 a share on revenue of $3.52 billion, according to a survey by FactSet Research.


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what a pos co. with a puke of a ceo and how very telling
what gets to be a *one time charge* TAKEN
>>> here's to various state AG's adding PNC to their *focus*

oh and gotta love those analysts .. always on top of the *rigged* game :0


==
4kids
all jmo

10/5/07 -- there are no coincidences here ...
oh and like many other longs .. not selling at this level --
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