Investing.com - Allstate (NYSE:ALL) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.84 on revenue of $9.31B. Analysts polled by Investing.com anticipated EPS of $2.57 on revenue of $9.37B. That compared to EPS of $1.93 on revenue of $8.8B in the same period a year earlier. The company had reported EPS of $2.18 on revenue of $9.04B in the previous quarter.
For the year, Allstate shares are up 15.95%, under-performing the S&P 500 which is up 22.61% year to date.
Allstate follows other major Financial sector earnings this month
On Tuesday, October 15, 2019, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.47B.
Bank of America earnings beat analyst's expectations on Wednesday, October 16, 2019, with third quarter EPS of $0.56 on revenue of $22.8B. Investing.com analysts expected EPS of $0.54 on revenue of $22.58B
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