CNA Financial Q2 EPS $1.13 Misses $1.17 Estimate, Sales $3.30B Beat $3.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
CNA Financial reported Q2 earnings of $1.13 per share, missing the analyst consensus estimate of $1.17 by 3.42%. However, the company's quarterly sales of $3.30 billion beat the estimate of $3.26 billion by 1.35%. Compared to the same period last year, earnings increased by 25.56% and sales increased by 12.92%.
July 31, 2023 | 10:08 am
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CNA Financial's Q2 earnings missed estimates but sales exceeded expectations, with significant YoY growth in both earnings and sales.
While CNA Financial missed earnings estimates, the company beat sales estimates and showed significant year-over-year growth in both earnings and sales. This mixed result could lead to neutral short-term price movement.
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