Shares of CNA Financial (NYSE:CNA) decreased 0.24% from the previous session close to $29.08 after the company reported Q1 results.
Earnings per share were down 65.81% year over year to $0.40, which missed the estimate of $0.68.
Revenue of $2,291,000,000 less by 14.99% from the same period last year, which missed the estimate of $2,680,000,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: May 04, 2020
Time: 02:04 PM ET
52-week high: $51.30
52-week low: $26.52
Price action over last quarter: down 42.67%
CNA Financial Corporation (CNAF) is an insurance holding company that provides commercial property and casualty insurance. The company is operating under five segments; Specialty, Commercial and International being its core business and two segments for its non-core businesses which are Life & Group and Corporate & Other. CNAF through its segments provides professional, financial and specialty property and casualty products to small businesses and medium scale organizations. It has its business spread across Continental Europe, UK, and Canada. The majority of the revenues are generated from the Specialty and Commercial segment of the business.
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