Investing.com - Lincoln National (NYSE:LNC) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lincoln National announced earnings per share of $2.24 on revenue of $4.43B. Analysts polled by Investing.com anticipated EPS of $2.19 on revenue of $4.57B. That with comparison to EPS of $2.14 on revenue of $4.36B in the same period a year before.Lincoln National had reported EPS of $2.41 on revenue of $4.34B in the previous quarter.Analysts are expecting EPS of $2.12 and revenue of $4.51B in the upcoming quarter.
Lincoln National shares are down 49% from the beginning of the year and are trading at $30.89 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.21% year to date.
Lincoln National shares gained 3.07% in after-hours trade the report.
Lincoln National follows other major Financial sector earnings this month
Lincoln National's report follows an earnings missed by Berkshire Hathaway on Saturday, who reported EPS of $3608.56 on revenue of $26.06B, compared to forecasts EPS of $3777.89 on revenue of $63.31B.
JPMorgan had missed expectations on Tuesday, April 14, 2020 with first quarter EPS of $0.78 on revenue of $29.07B, compared to forecast for EPS of $1.87 on revenue of $29.54B.
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