Lincoln National: Q3 Earnings Snapshot
RADNOR, Pa. (AP) — RADNOR, Pa. (AP) — Lincoln National Corp. (LNC) on Wednesday reported third-quarter profit of $853 million.
On a per-share basis, the Radnor, Pennsylvania-based company said it had net income of $4.79. Earnings, adjusted for non-recurring gains, were 23 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The insurance and retirement business posted revenue of $4.2 billion in the period. Its adjusted revenue was $4.67 billion, which also missed Street forecasts. Five analysts surveyed by Zacks expected $4.75 billion.
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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 LNC at https://www.zacks.com/ap/LNC
