American Financial Group Reveals 29% Decline In Q3 Earnings

(RTTNews) - American Financial Group (AFG) reported a profit for third quarter that declined from last year.

The company said its profit came in at $95 million, or $1.06 per share. This was down from $134 million, or $1.51 per share, in last year's third quarter.

Analysts had expected the company to earn $0.87 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.6% to $1.84 billion. This was up from $1.71 billion last year.

American Financial Group earnings at a glance:

-Earnings (Q3): $95 Mln. vs. $134 Mln. last year. -Earnings Decline (Y-o-Y): -29.1% -EPS (Q3): $1.06 vs. $1.51 last year. -EPS Decline (Y-o-Y): -29.8% -Analysts Estimate: $0.87 -Revenue (Q3): $1.84 Bln vs. $1.71 Bln last year. -Revenue Change (Y-o-Y): 7.6%

-Guidance: Full year EPS guidance: $5.90 to $6.20