American Financial Group Announces 28% Advance In Q2 Earnings

(RTTNews) - American Financial Group (AFG) revealed a profit for its second quarter that gained ground from last year.

The company said its bottom line rose to $145 million, or $1.61 per share. This was higher than $113 million, or $1.28 per share, in last year's second quarter.

Analysts had expected the company to earn $1.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.4% to $1.65 billion. This was up from $1.58 billion last year.

American Financial Group earnings at a glance:

-Earnings (Q2): $145 Mln. vs. $113 Mln. last year. -Earnings Growth (Y-o-Y): 28.3% -EPS (Q2): $1.61 vs. $1.28 last year. -EPS Growth (Y-o-Y): 25.8% -Analysts Estimate: $1.34 -Revenue (Q2): $1.65 Bln vs. $1.58 Bln last year. -Revenue Change (Y-o-Y): 4.4%

-Guidance: Full year EPS guidance: $6.40 - $6.90