Investing.com - Allstate (NYSE:ALL) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Allstate announced earnings per share of $6.11 on revenue of $9.77B. Analysts polled by Investing.com anticipated EPS of $3.93 on revenue of $9.48B.
Allstate shares are up 15.94% from the beginning of the year, still down 1.26% from its 52 week high of $129.08 set on May 3. They are outperforming the S&P 500 which is up 10.96% from the start of the year.
Allstate follows other major Financial sector earnings this month
Allstate's report follows an earnings beat by Berkshire Hathaway on Saturday, who reported EPS of $4571.96 on revenue of $67.48B, compared to forecasts EPS of $3818.2 on revenue of $63.41B.
JPMorgan had beat expectations on April 14 with first quarter EPS of $4.5 on revenue of $33.12B, compared to forecast for EPS of $3.1 on revenue of $30.49B.
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