06.02.2024 22:12:47
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Cincinnati Financial Corp. Q4 Profit Increases, beats estimates
(RTTNews) - Cincinnati Financial Corp. (CINF) released earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $1.18 billion, or $7.50 per share. This compares with $1.01 billion, or $6.41 per share, in last year's fourth quarter.
Excluding items, Cincinnati Financial Corp. reported adjusted earnings of $359 million or $2.28 per share for the period.
Analysts on average had expected the company to earn $1.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.7% to $3.36 billion from $3.12 billion last year.
Cincinnati Financial Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $1.18 Bln. vs. $1.01 Bln. last year. -EPS (Q4): $7.50 vs. $6.41 last year. -Analyst Estimate: $1.95 -Revenue (Q4): $3.36 Bln vs. $3.12 Bln last year.
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Cincinnati Financial Corp. | 137,25 | 0,15% |