Lincoln National (NYSE:LNC) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lincoln National announced earnings per share of $2.24 on revenue of $4.43B. Analysts polled by anticipated EPS of $2.19 on revenue of $4.57B. That with comparison to EPS of $2.14 on revenue of $4.36B in the same period a year before. Lincoln National had reported EPS of $2.41 on revenue of $4.34B in the previous quarter. Analysts are expecting EPS of $2.12 and revenue of $4.51B in the upcoming quarter.
Lincoln National shares are down 49% from the beginning of the year , still down 55.41% from its 52 week high of $67.21 set on May 6, 2019. They are under-performing the S&P 500 which is down 12.21% year to date.
Lincoln National shares gained 3.07% in after-hours trade following the report.
Lincoln National follows other major Financial sector earnings this month
Lincoln National's report follows an earnings missed by Berkshire Hathaway on Saturday, who reported EPS of $3608.56 on revenue of $26.06B, compared to forecasts EPS of $3777.89 on revenue of $63.31B.
JPMorgan had missed expectations on April 14 with first quarter EPS of $0.78 on revenue of $29.07B, compared to forecast for EPS of $1.87 on revenue of $29.54B.
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