Investing.com - Allstate (NYSE:ALL) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Allstate announced earnings per share of $3.54 on revenue of $8.59B. Analysts polled by Investing.com anticipated EPS of $3.34 on revenue of $9.04B. That with comparison to EPS of $2.3 on revenue of $8.33B in the same period a year before.Allstate had reported EPS of $3.13 on revenue of $8.74B in the previous quarter.Analysts are expecting EPS of $2.12 and revenue of $9.38B in the upcoming quarter.
Allstate shares are down 9.16% from the beginning of the year and are trading at $102.15 , down-from-52-week-high.They are outperforming the S&P 500 which is down 11.6% year to date.
Allstate follows other major Financial sector earnings this month
Allstate's report follows an earnings missed by Berkshire Hathaway on Saturday, who reported EPS of $3608.56 on revenue of $26.06B, compared to forecasts EPS of $3777.89 on revenue of $63.31B.
JPMorgan had missed expectations on Tuesday, April 14, 2020 with first quarter EPS of $0.78 on revenue of $29.07B, compared to forecast for EPS of $1.87 on revenue of $29.54B.
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