Investing.com - Lincoln National reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Lincoln National announced earnings per share of $-10.23 on revenue of $4.63B. Analysts polled by Investing.com anticipated EPS of $1.97 on revenue of $4.42B.
Lincoln National shares are up 17.79% from the beginning of the year and are trading at $44.00 , down-from-52-week-high.
Lincoln National shares lost 15.51% in after-hours trade the report.
Lincoln National follows other major Financial sector earnings this month
Lincoln National's report follows an earnings beat by JPMorgan on October 14, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on October 17 with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.7816 on revenue of $23.56B.
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