American Financial Group Announces 3% Fall In Q3 Profit

(RTTNews) - American Financial Group (AFG) reported a profit for third quarter that decreased from last year.

The company said its profit dropped to $123 million, or $1.38 per share. This was down from $127 million, or $1.40 per share, in last year's third quarter.

Analysts had expected the company to earn $1.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.3% to $1.68 billion. This was up from $1.58 billion last year.

American Financial Group earnings at a glance:

-Earnings (Q3): $123 Mln. vs. $127 Mln. last year. -Earnings Decline (Y-o-Y): -3.1% -EPS (Q3): $1.38 vs. $1.40 last year. -EPS Decline (Y-o-Y): -1.4% -Analysts Estimate: $1.44 -Revenue (Q3): $1.68 Bln vs. $1.58 Bln last year. -Revenue Change (Y-o-Y): 6.3%

-Guidance: Full year EPS guidance: $5.30 - $5.60