Investing.com - Unum reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Unum announced earnings per share of $1.35 on revenue of $2.87B. Analysts polled by Investing.com anticipated EPS of $1.38 on revenue of $3.06B. That with comparison to EPS of $1.31 on revenue of $2.99B in the same period a year before. Unum had reported EPS of $1.41 on revenue of $3.03B in the previous quarter. Analysts are expecting EPS of $1.33 and revenue of $3.03B in the upcoming quarter.
Unum shares are down 41% from the beginning of the year , still down 53.85% from its 52 week high of $36.84 set on May 6, 2019. They are under-performing the S&P 500 which is down 12.39% year to date.
Unum follows other major Financial sector earnings this month
Unum's report follows an earnings missed by Berkshire Hathaway on Saturday, who reported EPS of $3608.56 on revenue of $-9.01B, compared to forecasts EPS of $3777.89 on revenue of $63.31B.
JPMorgan had missed expectations on April 14 with first quarter EPS of $0.78 on revenue of $29.07B, compared to forecast for EPS of $1.87 on revenue of $29.54B.
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