Benzinga | Aug 5, 2020 05:35PM EDT

American Equity Inv Earlier Reported Q2 Adj. EPS $1.01 Misses $1.16 Estimate, Sales $543.70M Miss $556.98M Estimate

American Equity Inv (NYSE:AEL) reported quarterly earnings of $1.01 per share which missed the analyst consensus estimate of $1.16 by 12.93 percent. This is a 7.34 percent decrease over earnings of $1.09 per share from the same period last year. The company reported quarterly sales of $543.70 million which missed the analyst consensus estimate of $556.98 million by 2.38 percent. This is a 4.71 percent decrease over sales of $570.57 million the same period last year.