Cincinnati Financial Corp. Reveals 17% Fall In Q3 Earnings

(RTTNews) - Cincinnati Financial Corp. (CINF) reported a profit for third quarter that declined from last year.

The company said its profit came in at $143 million, or $0.86 per share. This was lower than $172 million, or $1.04 per share, in last year's third quarter.

Analysts had expected the company to earn $0.78 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.4% to $1.40 billion. This was up from $1.28 billion last year.

Cincinnati Financial Corp. earnings at a glance:

-Earnings (Q3): $143 Mln. vs. $172 Mln. last year. -Earnings Decline (Y-o-Y): -16.9% -EPS (Q3): $0.86 vs. $1.04 last year. -EPS Decline (Y-o-Y): -17.3% -Analysts Estimate: $0.78 -Revenue (Q3): $1.40 Bln vs. $1.28 Bln last year. -Revenue Change (Y-o-Y): 9.4%