Financial Stocks Unable to Find Support All Day; Allstate Maintaining Small Rise After $0.15 Q3 EPS Beat

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Financial stocks are moderately lower heading into today's close with the NYSE Financial Sector Index falling 0.3% and the S&P Financial 100 Index retreating 0.7%.

In company news, Allstate Corp ( ALL ) is holding on to a 0.7% gain shortly before the closing bell after reporting Q3 EPS of $1.53, ex items, beating analyst estimates by $0.15 per share.

Revenue for the property and casualty insurer rose 4.1% over the same quarter last year to $6.97 billion, also beating the consensus view by around $70 million.

In other sector news,

(+) FICO, Reports fiscal Q4 earnings of $0.98 per share, crushing analyst projections by $0.17. Revenue climbed 2.3% year over year to $190.3 mln, also edging out the Capital IQ consensus. Issues upside FY14 guidance.

(-) RATE, Adjusted Q3 EPS of $0.13 misses forecasts by $0.02 per share. Revenue rises 3.7% to $121.2, topping Street view by $1.62 mln. Forecasts revenue growth of mid- to upper-20% range. Consensus estimate of $123.2 mln would require at least 32% growth.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: ALL

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