Investing.com - Assurant (NYSE:AIZ) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Assurant announced earnings per share of $2.95 on revenue of $2.51B. Analysts polled by Investing.com anticipated EPS of $3.14 on revenue of $2.62B.
Assurant shares are down 17.38% from the beginning of the year, still down 11.62% from its 52 week high of $194.12 set on April 21. They are under-performing the S&P 500 which is down 14.16% from the start of the year.
Assurant follows other major Financial sector earnings this month
Assurant's report follows an earnings beat by Berkshire Hathaway A on July 19, who reported EPS of $4774.01 on revenue of $70.81B, compared to forecasts EPS of $4277.66 on revenue of $70.32B.
JPMorgan had missed expectations on July 14 with second quarter EPS of $2.76 on revenue of $30.72B, compared to forecast for EPS of $2.89 on revenue of $31.86B.
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