Voya: 2Q Earnings Snapshot
NEW YORK (AP) _ Voya Financial Inc. (VOYA) on Tuesday reported second-quarter earnings of $226 million.
On a per-share basis, the New York-based company said it had net income of $1.51. Earnings, adjusted for non-recurring costs, were $1.52 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The retirement, investment and insurance company posted revenue of $2.35 billion in the period. Its adjusted revenue was $278 million, missing Street forecasts. Eleven analysts surveyed by Zacks expected $314.2 million.
Voya shares have risen 32% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $52.93, a rise of slightly more than 5% in the last 12 months.