MCKINNEY, Texas (AP) — MCKINNEY, Texas (AP) — Globe Life Inc. (GL) on Monday reported first-quarter net income of $254.2 million.
The McKinney, Texas-based company said it had net income of $2.67 per share. Earnings, adjusted for non-recurring costs, came to $2.78 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.80 per share.
The life and health insurance company posted revenue of $1.42 billion in the period. Its adjusted revenue was $1.4 billion, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $1.43 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GL at https://www.zacks.com/ap/GL
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