Investing.com - Palomar reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Palomar announced earnings per share of $0.17 on revenue of $79.30M. Analysts polled by Investing.com anticipated EPS of $0.67 on revenue of $224.26M.
Palomar shares are down 58% from the beginning of the year , still down 30.54% from its 52 week high of $97.18 set on Thursday, November 11, 2021.
Palomar follows other major Financial sector earnings this month
Palomar's report follows an earnings beat by JPMorgan on Friday, October 14, 2022, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday, October 17, 2022 with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.7816 on revenue of $23.56B.
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