Investing.com - Allstate (NYSE:ALL) reported third quarter earnings that missed analyst's expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.93 on revenue of $10.46B. Analysts polled by Investing.com anticipated EPS of $2.22 on revenue of $8.6B. That compared to EPS of $1.6 on revenue of $8.58B in the same period a year earlier. The company had reported EPS of $1.9 on revenue of $8.54B in the previous quarter.
Allstate shares lost 3.42% to trade at $92.45 in after-hours trade following the report.
For the year, Allstate shares are down 8.59%, under-performing the S&P 500 which is up 1.04% year to date.
Allstate follows other major Financial sector earnings this month
On Friday, October 12, 2018, JPMorgan (NYSE:JPM) reported third quarter EPS of $2.34 on revenue of $27.82B, compared to forecasts of EPS of $2.26 on revenue of $27.44B.
Bank of America (NYSE:BAC) earnings beat analyst's expectations on Monday, October 15, 2018, with third quarter EPS of $0.66 on revenue of $22.78B. Investing.com analysts expected EPS of $0.62 on revenue of $22.62B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar