MCKINNEY, Texas (AP) — MCKINNEY, Texas (AP) — Globe Life Inc. (GL) on Wednesday reported first-quarter profit of $254.6 million.
The McKinney, Texas-based company said it had net income of $3.01 per share. Earnings, adjusted for non-recurring costs, came to $3.07 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.24 per share.
The life and health insurance company posted revenue of $1.48 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $1.49 billion.
Globe Life expects full-year earnings in the range of $13.45 to $14.05 per share.
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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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