Cincinnati Financial Corp. Q1 Profit Drops 34%

(RTTNews) - Cincinnati Financial Corp. (CINF) released earnings for first quarter that fell compared to the same period last year.

The company said its earnings came in at $98 million, or $0.59 per share. This was lower than $148 million, or $0.89 per share, in last year's first quarter.

Analysts had expected the company to earn $0.54 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.8% to $1.52 billion. This was up from $1.36 billion last year.

Cincinnati Financial Corp. earnings at a glance:

-Earnings (Q1): $98 Mln. vs. $148 Mln. last year. -Earnings Decline (Y-o-Y): -33.8% -EPS (Q1): $0.59 vs. $0.89 last year. -EPS Decline (Y-o-Y): -33.7% -Analysts Estimate: $0.54 -Revenue (Q1): $1.52 Bln vs. $1.36 Bln last year. -Revenue Change (Y-o-Y): 11.8%