Financial Wire

Update: Wells Fargo Shares Fall After Q1 Results

-- (Updates to add the latest stock move in the headline and the first paragraph.)

Wells Fargo (WFC) shares were down more than 4% in early Tuesday trading after the company posted its results for Q1.

The company reported quarterly earnings of $1.60 per diluted share, up from $1.39 a year earlier.

Analysts polled by FactSet expected $1.58.

Revenue for the quarter ended Mar 31 was $21.45 billion, compared with $20.15 billion a year earlier.

Analysts surveyed by FactSet expected $21.79 billion.

Price: $82.71, Change: $-3.93, Percent Change: -4.54%

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Update: Wells Fargo Shares Fall After Q1 Results | Financial Wire