HOUSTON (AP) — HOUSTON (AP) — Corebridge Financial Inc. (CRBG) on Monday reported a loss of $1.18 billion in its third quarter.
The Houston-based company said it had a loss of $2.02 per share. Earnings, adjusted for non-recurring costs, were $1.38 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The financial services company posted revenue of $4.53 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $5.72 billion.
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