Hartford reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Hartford announced earnings per share of $1.34 on revenue of $4.96B. Analysts polled by anticipated EPS of $1.33 on revenue of $5.09B. That with comparison to EPS of $1.39 on revenue of $4.94B in the same period a year before. Hartford had reported EPS of $1.43 on revenue of $5.36B in the previous quarter. Analysts are expecting EPS of $1.16 and revenue of $5.05B in the upcoming quarter.
Hartford shares are down 32% from the beginning of the year , still down 34.42% from its 52 week high of $62.75 set on November 27, 2019. They are under-performing the S&P 500 which is down 9.4% year to date.
Hartford follows other major Financial sector earnings this month
Hartford's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
Mastercard had beat expectations on Wednesday with first quarter EPS of $1.83 on revenue of $4.01B, compared to forecast for EPS of $1.75 on revenue of $4B.
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