CNA shares get a bounce from earnings beat
Shares of CNA Financial climbed over 6 percent at midday in New
York trading after the big property and casualty carrier beat Wall
Street earnings estimates for the second quarter.
CNA turned in an operating profit of $239mn or $0.88 per share
compared with the $0.75 consensus estimate from six analysts
compiled by MarketWatch.
The company's shares rose as much as 6.1 percent to $52.35
before retreating slightly in trading on the New York Stock
Exchange.
Profit jumped 19 percent...
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