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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.

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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