Thursday, April 19, 2007

UPDATE 1-Webster Financial first-quarter profit falls

(Reuters) - The Waterbury, Connecticut-based bank holding company said it earned $35 million, or 62 cents a share, in the latest first quarter, compared with year-ago earnings of $43.9 million, or 82 cents a share. The latest first-quarter results include charges of 11 cents a share.

Analysts on average expected the company to earn 77 cents a share, excluding special items, according to Reuters Estimates.


Read more at Reuters.com Market News

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