Lincoln National: 2Q Earnings Snapshot
RADNOR, Pa. (AP) _ Lincoln National Corp. (LNC) on Wednesday reported second-quarter earnings of $363 million.
The Radnor, Pennsylvania-based company said it had net income of $1.79 per share. Earnings, adjusted for non-recurring costs, were $2.36 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.32 per share.
The insurance and retirement business posted revenue of $4.31 billion in the period. Its adjusted revenue was $4.47 billion.
Lincoln National shares have risen 27% since the beginning of the year, while the Standard & Poor’s 500 index has increased 19%. In the final minutes of trading on Wednesday, shares hit $65.25, a decline of 4% in the last 12 months.