Investing.com - Allstate (NYSE:ALL) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Allstate announced earnings per share of $0.73 on revenue of $10.97B. Analysts polled by Investing.com anticipated EPS of $1.73 on revenue of $10.47B.
Allstate shares are up 14.73% from the beginning of the year, still down 9.91% from its 52 week high of $140.00 set on May 26. They are under-performing the S&P 500 which is up 24.08% from the start of the year.
Allstate follows other major Financial sector earnings this month
Allstate's report follows an earnings beat by JPMorgan on October 13, who reported EPS of $3.74 on revenue of $30.44B, compared to forecasts EPS of $3 on revenue of $29.79B.
UnitedHealth had beat expectations on October 14 with third quarter EPS of $4.52 on revenue of $72.34B, compared to forecast for EPS of $4.42 on revenue of $71.38B.
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