Investing.com - Lincoln National (NYSE:LNC) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Lincoln National announced earnings per share of $-0.72 on revenue of $4.79B. Analysts polled by Investing.com anticipated EPS of $1.87 on revenue of $4.59B.
Lincoln National shares are down 40% from the beginning of the year, still down 43.93% from its 52 week high of $62.44 set on November 7, 2019. They are under-performing the S&P 500 which is up 6.58% from the start of the year.
Lincoln National follows other major Financial sector earnings this month
Lincoln National's report follows an earnings beat by UnitedHealth on October 14, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.11 on revenue of $63.79B.
Mastercard had missed expectations on October 28 with third quarter EPS of $1.6 on revenue of $3.84B, compared to forecast for EPS of $1.61 on revenue of $3.84B.
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