Investing.com - Chubb (NYSE:CB) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Chubb announced earnings per share of $2.68 on revenue of $7.98B. Analysts polled by Investing.com anticipated EPS of $2.57 on revenue of $7.33B. That with comparison to EPS of $2.54 on revenue of $7.31B in the same period a year before.Chubb had reported EPS of $2.28 on revenue of $8B in the previous quarter.Analysts are expecting EPS of $2.63 and revenue of $8.35B in the upcoming quarter.
Chubb shares are down 27% from the beginning of the year and are trading at $112.59 , down-from-52-week-high.They are under-performing the S&P 500 which is down 15.64% year to date.
Chubb follows other major Financial sector earnings this month
Chubb's report follows an earnings missed by JPMorgan on Tuesday, April 14, 2020, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on Wednesday, April 15, 2020 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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