Investing.com - Allstate (NYSE:ALL) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $3.1 on revenue of $9.04B. Analysts polled by Investing.com expected EPS of $1.57 on revenue of $9.12B. That compared to EPS of $1.9 on revenue of $8.54B in the same period a year earlier. The company had reported EPS of $2.3 on revenue of $8.33B in the previous quarter.
For the year, Allstate shares are up 20.04%, under-performing the S&P 500 which is up 21.65% year to date.
Allstate follows other major Financial sector earnings this month
On Tuesday, July 16, 2019, JPMorgan reported second quarter EPS of $2.82 on revenue of $29.57B, compared to forecasts of EPS of $2.5 on revenue of $28.84B.
Bank of America earnings beat analyst's expectations on Wednesday, July 17, 2019, with second quarter EPS of $0.74 on revenue of $23.08B. Investing.com analysts expected EPS of $0.71 on revenue of $23.11B
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