Lincoln National: Q2 Earnings Snapshot
RADNOR, Pa. (AP) — RADNOR, Pa. (AP) — Lincoln National Corp. (LNC) on Thursday reported second-quarter net income of $699 million.
The Radnor, Pennsylvania-based company said it had net income of $3.80 per share. Earnings, adjusted for non-recurring gains, came to $2.36 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.
The insurance and retirement business posted revenue of $4.04 billion in the period. Its adjusted revenue was $4.73 billion, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $4.67 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
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