Investing.com - Globe Life (NYSE:GL) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Globe Life announced earnings per share of $1.79 on revenue of $1.29B. Analysts polled by Investing.com anticipated EPS of $2.06 on revenue of $1.33B.
Globe Life shares are down 44.41% from the beginning of the year, still down 6.69% from its 52 week high of $108.61 set on February 10. They are under-performing the S&P 500 which is down 15.58% from the start of the year.
Globe Life follows other major Financial sector earnings this month
Globe Life'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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