The Allstate Corporation (NYSE:ALL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income decreased -45.58% to $394 million (59 cents per diluted share) in the quarter versus a net gain of $724 million in the year-earlier quarter. Revenue rose 3.78% to $8.55 billion from the year-earlier quarter.
The Allstate Corporation reported adjusted net income of 59 cents per share. By that measure, the company beat the mean analyst estimate of $-0.03. It beat the average revenue estimate of $6.55 billion.