Investing.com - Lincoln National (NYSE:LNC) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Lincoln National announced earnings per share of $2.23 on revenue of $5.1B. Analysts polled by Investing.com anticipated EPS of $2.24 on revenue of $4.57B.
Lincoln National shares are down 0% from the beginning of the year, still down 33.23% from its 52 week high of $77.57 set on November 3, 2021. They are outperforming the S&P 500 which is down 12.82% from the start of the year.
Lincoln National shares lost 2.10% in after-hours trade following the report.
Lincoln National follows other major Financial sector earnings this month
Lincoln National'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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