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The Allstate Corp Bottom Line Drops In Q3

The Allstate Corp (ALL) revealed earnings for third quarter that declined from the same period last year.

The company's profit came in at $0.51 billion, or $1.71 per share. This compares with $1.13 billion, or $3.58 per share, in last year's third quarter.

Excluding items, The Allstate Corp reported adjusted earnings of $217 million or $0.73 per share for the period.

The company's revenue for the quarter rose 16.9% to $12.48 billion from $10.68 billion last year.

The Allstate Corp earnings at a glance:

-Earnings (Q3): $217 Mln. vs. $900 Mln. last year.
-EPS (Q3): $0.73 vs. $2.87 last year.
-Revenue (Q3): $12.48 Bln vs. $10.68 Bln last year.

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