NEW YORK (TheStreet) -- Northern Trust (NTRS) is sliding on Tuesday after reporting first-quarter earnings and revenue below expectations.
The company recorded net income of 75 cents a share and revenue of $1.04 billion. Analysts surveyed by Thomson Reuters anticipated net income of 78 cents a share and revenue of $1.07 billion.
By midmorning, shares had tumbled 2.8% to $59.52.
TheStreet Ratings team rates NORTHERN TRUST CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate NORTHERN TRUST CORP (NTRS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, expanding profit margins, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
- You can view the full analysis from the report here: NTRS Ratings Report