Lincoln National: Q2 Earnings Snapshot
RADNOR, Pa. (AP) — RADNOR, Pa. (AP) — Lincoln National Corp. (LNC) on Wednesday reported second-quarter earnings of $511 million.
On a per-share basis, the Radnor, Pennsylvania-based company said it had net income of $2.94. Earnings, adjusted for non-recurring gains, were $2.02 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.
The insurance and retirement business posted revenue of $2.93 billion in the period. Its adjusted revenue was $4.73 billion, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $4.6 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNC at https://www.zacks.com/ap/LNC
