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.

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