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CNA Financial: 3Q Earnings Snapshot

CHICAGO (AP) _ CNA Financial Corp. (CNA) on Monday reported third-quarter net income of $336 million.

On a per-share basis, the Chicago-based company said it had net income of $1.23. Earnings, adjusted for investment gains and pretax gains, were $1.17 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The insurance holding company posted revenue of $2.62 billion in the period.

CNA Financial shares have declined 17 percent since the beginning of the year. The stock has dropped 20 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNA at https://www.zacks.com/ap/CNA