Business Briefs

BB&T beats Street estimates for quarterly profit

Posted October 21, 2010 8:50 a.m. EDT
Updated October 21, 2010 8:53 a.m. EDT

— BB&T (NYSE: BBT) beat Wall Street analysts’ expectations on profits with third quarter earnings of 30 cents per share.

Analysts polled by Thomson Reuters expected a 26 cent profit.

"Our underlying businesses, in many ways, are performing better than ever, particularly in terms of client service delivery and market position," said BB&T Chairman and CEO Kelly King.

A year ago, BB&T earned 23 cents.

Read the earnings report here.