Investing.com - Lincoln National (NYSE:LNC) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lincoln National announced earnings per share of $1.66 on revenue of $4.69B. Analysts polled by Investing.com anticipated EPS of $1.82 on revenue of $4.8B.
Lincoln National shares are down 4% from the beginning of the year, still down 16.11% from its 52 week high of $77.57 set on November 3, 2021. They are outperforming the S&P 500 which is down 9.78% from the start of the year.
Lincoln National shares lost 2.35% 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 Monday, who reported EPS of $4774.01 on revenue of $70.81B, compared to forecasts EPS of $4,309.9 on revenue of $70.19B.
JPMorgan had missed expectations on April 13 with first quarter EPS of $2.63 on revenue of $30.72B, compared to forecast for EPS of $2.7 on revenue of $30.66B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar