Raymond James Financial, Inc. (RJF) Q3 Earnings Lag Estimates

Raymond James Financial, Inc. (RJF) came out with quarterly earnings of $2.18 per share, missing the Zacks Consensus Estimate of $2.37 per share. This compares to earnings of $2.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -8.02%. A quarter ago, it was expected that this company would post earnings of $2.44 per share when it actually produced earnings of $2.42, delivering a surprise of -0.82%. There are no easy answers ...