Markets
ALL

The Allstate Corp Q2 adjusted earnings Beat Estimates

(RTTNews) - The Allstate Corp (ALL) revealed a profit for its second quarter that advanced from last year.

The company's bottom line came in at $1.22 billion, or $3.86 per share. This compares with $0.82 billion, or $2.44 per share, in last year's second quarter.

Excluding items, The Allstate Corp reported adjusted earnings of $780 million or $2.46 per share for the period.

Analysts had expected the company to earn $1.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.5% to $11.20 billion from $11.14 billion last year.

The Allstate Corp earnings at a glance:

-Earnings (Q2): $780 Mln. vs. $735 Mln. last year. -EPS (Q2): $2.46 vs. $2.18 last year. -Analysts Estimate: $1.55 -Revenue (Q2): $11.20 Bln vs. $11.14 Bln last year.

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

In This Story

ALL

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More