Recap: CNA Financial Q2 Earnings

Shares of CNA Financial CNA rose 1.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 66.67% over the past year to $0.36, which missed the estimate of $0.54.

Revenue of $2,766,000,000 up by 5.98% from the same period last year, which beat the estimate of $2,760,000,000.

Guidance

CNA Financial hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Aug 03, 2020

Time: 09:00 AM

ET Webcast URL: https://services.choruscall.com/links/cna200803.html

Technicals

52-week high: $51.30

Company's 52-week low was at $25.18

Price action over last quarter: Up 15.83%

Company Description

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.