25.04.2024 22:41:07 - dpa-AFX: Cincinnati Financial Corp. Q1 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Cincinnati Financial Corp. (CINF) reported a profit
for its first quarter that increased from last year and beat the Street
estimates.

The company's bottom line came in at $755 million, or $4.78 per share. This
compares with $225 million, or $1.42 per share, in last year's first quarter.

Excluding items, Cincinnati Financial Corp. reported adjusted earnings of $272
million or $1.72 per share for the period.

Analysts on average had expected the company to earn $1.69 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 31.2% to $2.94 billion from $2.24
billion last year.

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

-Earnings (Q1): $755 Mln. vs. $225 Mln. last year.
-EPS (Q1): $4.78 vs. $1.42 last year.
-Revenue (Q1): $2.94 Bln vs. $2.24 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 108,950 09.05.24 08:00:47 ±0,000 ±0,00% 108,900 109,300 108,950 108,950

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