Voya: 2Q Earnings Snapshot
Aug. 01, 2018
NEW YORK (AP) _ Voya Financial Inc. (VOYA) on Wednesday reported second-quarter net income of $166 million.
On a per-share basis, the New York-based company said it had net income of 96 cents. Earnings, adjusted for non-recurring costs, came to $1.13 per share.
The results exceeded Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.
The retirement, investment and insurance company posted revenue of $2.11 billion in the period. Its adjusted revenue was $238 million, which did not meet Street forecasts. Twelve analysts surveyed by Zacks expected $302.4 million.
Voya shares have climbed slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $49.57, a climb of 25 percent in the last 12 months.