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Cincinnati Financial 3Q Profit Falls 31%, But Operating Income RisesInsurer Cincinnati Financial Corp. (CINF) said Thursday that its third- quarter profit fell 31%, to $171 million, or $1.05 a share, from $247 million, or $1.50 a share last year. Revenue declined 15%, to $1.01 billion from $1.19 billion last year. Operating income at the company rose 30% to $96 million, or 59 cents a share, from $74 million, or 45 cents a share last year. Analysts polled by FactSet Research had expected the company to earn 42 cents a share. -Greg Morcroft; 415-439-6400; AskNewswires@dowjones.com (END) Dow Jones Newswires 10-29-090841ET Copyright (c) 2009 Dow Jones & Company, Inc. |
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