U.S. markets closed
  • S&P 500

    3,699.12
    +32.40 (+0.88%)
     
  • Dow 30

    30,218.26
    +248.74 (+0.83%)
     
  • Nasdaq

    12,464.23
    +87.05 (+0.70%)
     
  • Russell 2000

    1,892.36
    +43.66 (+2.36%)
     
  • Crude Oil

    46.03
    +0.39 (+0.85%)
     
  • Gold

    1,840.70
    -0.40 (-0.02%)
     
  • Silver

    24.30
    +0.16 (+0.68%)
     
  • EUR/USD

    1.2126
    -0.0024 (-0.19%)
     
  • 10-Yr Bond

    0.9690
    +0.0490 (+5.33%)
     
  • GBP/USD

    1.3430
    -0.0023 (-0.17%)
     
  • USD/JPY

    104.1500
    +0.2900 (+0.28%)
     
  • BTC-USD

    18,980.56
    +22.55 (+0.12%)
     
  • CMC Crypto 200

    372.00
    -7.24 (-1.91%)
     
  • FTSE 100

    6,550.23
    +59.96 (+0.92%)
     
  • Nikkei 225

    26,751.24
    -58.13 (-0.22%)
     

Unum: 3Q Earnings Snapshot

·1 min read

CHATTANOOGA, Tenn. (AP) _ Unum Group (UNM) on Tuesday reported third-quarter earnings of $231.1 million.

The Chattanooga, Tennessee-based company said it had net income of $1.13 per share. Earnings, adjusted for one-time gains and costs, were $1.21 per share.

The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The insurance company posted revenue of $3 billion in the period. Its adjusted revenue was $2.99 billion, which also did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $3 billion.

Unum shares have dropped 37% since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 5%. In the final minutes of trading on Tuesday, shares hit $18.25, a drop of 36% 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 UNM at https://www.zacks.com/ap/UNM