Investing.com - Lincoln National (NYSE:LNC) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Lincoln National announced earnings per share of $1.56 on revenue of $4.77B. Analysts polled by Investing.com anticipated EPS of $1.9 on revenue of $4.71B.
Lincoln National shares are down 5% from the beginning of the year, still down 7.49% from its 52 week high of $77.57 set on November 3, 2021. They are outperforming the Nasdaq which is down 7.85% from the start of the year.
Lincoln National shares lost 6.91% 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 JPMorgan on January 14, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on January 19 with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar