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Cincinnati Financial Corp. Q3 adjusted earnings Miss Estimates

Cincinnati Financial Corp. (CINF) revealed earnings for its third quarter that increased from the same period last year.

The company's bottom line came in at $484 million, or $2.99 per share. This compares with $248 million, or $1.49 per share, in last year's third quarter.

Excluding items, Cincinnati Financial Corp. reported adjusted earnings of $63 million or $0.39 per share for the period.

Analysts had expected the company to earn $0.74 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 $2.23 billion from $1.70 billion last year.

Cincinnati Financial Corp. earnings at a glance:

-Earnings (Q3): $63 Mln. vs. $179 Mln. last year.
-EPS (Q3): $0.39 vs. $1.08 last year.
-Analysts Estimate: $0.74
-Revenue (Q3): $2.23 Bln vs. $1.70 Bln last year.

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