Investing.com - Palomar reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Palomar announced earnings per share of $0.17 on revenue of $79.30M. Analysts polled by Investing.com anticipated EPS of $0.67 on revenue of $224.26M.
Palomar shares are down 58% from the beginning of the year and are trading at $67.50 , down-from-52-week-high.
Palomar follows other major Financial sector earnings this month
Palomar'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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