Investing.com - Lincoln National (NYSE:LNC) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lincoln National announced earnings per share of $0.97 on revenue of $4.21B. Analysts polled by Investing.com anticipated EPS of $1.41 on revenue of $4.41B.
Lincoln National shares are down 33% from the beginning of the year, still down 38.03% from its 52 week high of $62.95 set on October 28, 2019. They are under-performing the S&P 500 which is up 3% 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 Mastercard on July 30, who reported EPS of $1.36 on revenue of $3.34B, compared to forecasts EPS of $1.17 on revenue of $3.25B.
UnitedHealth had beat expectations on July 15 with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.28 on revenue of $63.48B.
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