Net Income Falls At Lincoln, CNO Financial Group
November 2, 2015 by Cyril Tuohy
Lincoln Financial Group reported third-quarter net income dropped 48 percent to $227 million from the year-ago period on revenue of $3.7 billion.
Operating income dropped 30 percent to $289 million compared with the year-ago quarter, the company also reported in a news release after the market close Wednesday.
Operating income per share diluted was $1.11, missing the average estimate of 10 analysts surveyed by Zacks Investment research by 41 cents per share, the company also reported.
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