NORTHFIELD TOWNSHIP (dpa-AFX) - The Allstate Corp (ALL) revealed a profit for its third quarter that Increased from last year and beat the Street estimates.
The company's earnings totaled $3.717 billion, or $13.95 per share. This compares with $1.161 billion, or $4.33 per share, last year.
Excluding items, The Allstate Corp reported adjusted earnings of $2.976 billion or $11.17 per share for the period.
Analysts on average had expected the company to earn $7.54 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.8% to $17.255 billion from $16.627 billion last year.
The Allstate Corp earnings at a glance (GAAP) :
-Earnings: $3.717 Bln. vs. $1.161 Bln. last year. -EPS: $13.95 vs. $4.33 last year. -Revenue: $17.255 Bln vs. $16.627 Bln last year.
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