RADNOR, Pa. (AP) — RADNOR, Pa. (AP) — Lincoln National Corp. (LNC) on Thursday reported a loss of $722 million in its first quarter.
On a per-share basis, the Radnor, Pennsylvania-based company said it had a loss of $4.41. Earnings, adjusted for non-recurring costs, were $1.60 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The insurance and retirement business posted revenue of $4.69 billion in the period. Its adjusted revenue was $4.68 billion, falling short of Street forecasts. Five analysts surveyed by Zacks expected $4.71 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 LNC at https://www.zacks.com/ap/LNC
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