Lincoln National: 2Q Earnings Snapshot

August 1, 2018

RADNOR, Pa. (AP) _ Lincoln National Corp. (LNC) on Wednesday reported second-quarter earnings of $385 million.

The Radnor, Pennsylvania-based company said it had net income of $1.70 per share. Earnings, adjusted for non-recurring costs, were $2.02 per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.

The insurance and retirement business posted revenue of $4.02 billion in the period.

Lincoln National shares have decreased 12 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 5 percent. In the final minutes of trading on Wednesday, shares hit $67.74, a decrease of nearly 8 percent 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 LNC at https://www.zacks.com/ap/LNC

Update hourly