Cincinnati Financial Corp. Q2 adjusted earnings Beat Estimates
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(RTTNews) - Cincinnati Financial Corp. (CINF) reported a profit for its second quarter that advanced from last year.
The company's earnings totaled $909 million, or $5.63 per share. This compares with $428 million, or $2.59 per share, in last year's second quarter.
Excluding items, Cincinnati Financial Corp. reported adjusted earnings of $71 million or $0.44 per share for the period.
Analysts had expected the company to earn $0.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 41.9% to $2.71 billion from $1.91 billion last year.
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