Investing.com - United Fire reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
United Fire announced earnings per share of $-0.91 on revenue of $238.2M. Analysts polled by Investing.com anticipated EPS of $0.11 on revenue of $277.43M.
United Fire shares are down 37% from the beginning of the year, still down 27.54% from its 52 week high of $37.26 set on June 24.
United Fire follows other major Financial sector earnings this month
United Fire's report follows an earnings beat by JPMorgan on October 14, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on October 17 with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.7816 on revenue of $23.56B.
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