Investing.com - Cincinnati Financial reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Cincinnati Financial announced earnings per share of $0.84 on revenue of $1.46B. Analysts polled by Investing.com anticipated EPS of $1.05 on revenue of $1.44B. That with comparison to EPS of $1.05 on revenue of $1.33B in the same period a year before.Cincinnati Financial had reported EPS of $1.23 on revenue of $1.44B in the previous quarter.Analysts are expecting EPS of $0.75 and revenue of $1.46B in the upcoming quarter.
Cincinnati Financial shares are down 21% from the beginning of the year and are trading at $81.25 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.29% year to date.
Cincinnati Financial shares lost 0.95% in after-hours trade the report.
Cincinnati Financial follows other major Financial sector earnings this month
Cincinnati Financial's report follows an earnings missed by JPMorgan on April 14, 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 April 15 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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