TFS Financial Corporation (TFSL) recently announced a decrease in its profits for the first quarter, as compared to the corresponding period from the previous year. However, the company managed to surpass industry estimates.
In terms of numerical specifics, the company's net profit was $20.71 million, earning them $0.07 per share. When comparing this with the first quarter of the previous year, they boasted a higher profit of $22.19 million, or $0.08 per share.
Averaging out the industry predictions, analysts had expected the company to earn $0.06 per share. These predictions, made by Thomson Reuters, typically do not take into account exceptional items.
To provide a quick overview of TFS Financial Corporation's earnings according to GAAP:
- The earnings for Q1 are $20.71 million, as compared to $22.19 million during the same period in the previous year.
- Per share earnings (EPS) for Q1 are $0.07, with the previous year's figure standing at $0.08.
- The average prediction made by industry analysts was for an EPS of $0.06.
