Jackson Financial Q3 Earnings Disappoint, Shares Plunge 5%

Jackson Financial shares plunged 5% after Q3 results showed a 19.1% revenue decline to $1.42 bln, falling short of $1.88 bln analysts' forecast. Despite adjusted earnings beating expectations at $6.16 per share, investors were concerned by the impact of losses on certain securities on its core operational performance. The stock has been volatile, with 10 moves greater than 5% over the last year.