Investing.com - Assurant (NYSE:AIZ) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Assurant announced earnings per share of $2.84 on revenue of $2.57B. Analysts polled by Investing.com anticipated EPS of $2.42 on revenue of $2.59B. That with comparison to EPS of $2.33 on revenue of $2.44B in the same period a year before. Assurant had reported EPS of $2.25 on revenue of $2.61B in the previous quarter. Analysts are expecting EPS of $2.42 and revenue of $2.68B in the upcoming quarter.
Assurant shares are down 22% from the beginning of the year , still down 28.54% from its 52 week high of $142.61 set on February 18. They are under-performing the S&P 500 which is down 11.6% year to date.
Assurant follows other major Financial sector earnings this month
Assurant's report follows an earnings missed by Berkshire Hathaway on Saturday, who reported EPS of $3608.56 on revenue of $26.06B, 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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