The Allstate Corp Q2 Income Declines 10%

(RTTNews) - The Allstate Corp (ALL) released earnings for second quarter that retreated from last year.

The company said its earnings fell to $235 million, or $0.62 per share. This was lower than $262 million, or $0.63 per share, in last year's second quarter.

Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.0% to $9.16 billion. This was up from $8.98 billion last year.

The Allstate Corp earnings at a glance:

-Earnings (Q2): $235 Mln. vs. $262 Mln. last year. -Earnings Decline (Y-o-Y): -10.3% -EPS (Q2): $0.62 vs. $0.63 last year. -EPS Decline (Y-o-Y): -1.6% -Analysts Estimate: $0.58 -Revenue (Q2): $9.16 Bln vs. $8.98 Bln last year. -Revenue Change (Y-o-Y): 2.0%