06.02.2024 22:12:59 - dpa-AFX: Cincinnati Financial Corp. Q4 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Cincinnati Financial Corp. (CINF) released earnings
for its fourth quarter that increased from last year and beat the Street
estimates.

The company's earnings came in at $1.18 billion, or $7.50 per share. This
compares with $1.01 billion, or $6.41 per share, in last year's fourth quarter.

Excluding items, Cincinnati Financial Corp. reported adjusted earnings of $359
million or $2.28 per share for the period.

Analysts on average had expected the company to earn $1.95 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 7.7% to $3.36 billion from $3.12
billion last year.

Cincinnati Financial Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $1.18 Bln. vs. $1.01 Bln. last year.
-EPS (Q4): $7.50 vs. $6.41 last year.
-Analyst Estimate: $1.95
-Revenue (Q4): $3.36 Bln vs. $3.12 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CINCINNATI FINL DL 2 878440 Frankfurt 107,000 31.05.24 08:07:59 +1,700 +1,61% 0,000 0,000 107,000 107,000

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