Investing.com - Root reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Root announced earnings per share of $-4.54 on revenue of $73.7M. Analysts polled by Investing.com anticipated EPS of $-6.33 on revenue of $146.81M.
Root shares are up 4.35% from the beginning of the year , still down 94.39% from its 52 week high of $116.73 set on Thursday, November 11, 2021.
Root follows other major Financial sector earnings this month
Root's report follows an earnings missed by Berkshire Hathaway A on Saturday, who reported EPS of $-1,832 on revenue of $76.9B, compared to forecasts EPS of $4,518.39 on revenue of $74.9B.
JPMorgan had beat expectations on Friday, October 14, 2022 with third quarter EPS of $3.12 on revenue of $32.72B, compared to forecast for EPS of $2.92 on revenue of $32.13B.
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