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Cincinnati Financial: Q3 Earnings Snapshot
FAIRFIELD, Ohio (AP) — FAIRFIELD, Ohio (AP) — Cincinnati Financial Corp. (CINF) on Thursday reported third-quarter profit of $820 million.
The Fairfield, Ohio-based company said it had net income of $5.20 per share. Earnings, adjusted for investment gains, were $1.42 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The insurer posted revenue of $3.32 billion in the period. Its adjusted revenue was $2.56 billion, which beat Street forecasts. Five analysts surveyed by Zacks expected $2.53 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CINF at https://www.zacks.com/ap/CINF
