CNO: 2Q Earnings Snapshot
CARMEL, Ind. (AP) _ CNO Financial Group Inc. (CNO) on Wednesday reported second-quarter net income of $102.2 million.
On a per-share basis, the Carmel, Indiana-based company said it had net income of 61 cents. Earnings, adjusted for non-recurring gains, came to 49 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The insurance holding company posted revenue of $1.05 billion in the period.
CNO shares have fallen 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.32, a decrease of 12 percent in the last 12 months.