Benzinga | Oct 29, 2020 04:54PM EDT

Recap: American Equity Inv Q3 Earnings

Shares of American Equity Inv (NYSE:AEL) were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 61.02% year over year to $0.99, which missed the estimate of $1.03.

Revenue of $543,331,000 declined by 7.97% from the same period last year, which missed the estimate of $559,830,000.

Guidance

American Equity Inv hasn't issued any earnings guidance for the time being.

American Equity Inv hasn't issued any revenue guidance for the time being.

Technicals

52-week high: $34.25

52-week low: $9.07

Price action over last quarter: Up 3.61%

Company Description

American Equity Investment Life Holding Co is a financial services company. Its core business is selling fixed-index and fixed-rate annuity products through its subsidiaries, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company. The company is licensed to sell its products in 50 states and the District of Columbia. Its targeted clients are individuals aged 45-75 who are interested in accumulating tax-deferred savings or creating guaranteed lifetime income.