CARMEL, Ind. (AP) _ CNO Financial Group Inc. (CNO) on Tuesday reported fourth-quarter net income of $28.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Carmel, Indiana-based company said it had profit of 17 cents. Earnings, adjusted for non-recurring costs, came to 36 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The insurance holding company posted revenue of $778.2 million in the period.
For the year, the company reported a loss of $315 million, or $1.90 per share, swinging to a loss in the period. Revenue was reported as $4.31 billion.
CNO shares have increased 24 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.44, a drop of 19 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 CNO at https://www.zacks.com/ap/CNO