HOUSTON (AP) — HOUSTON (AP) — Corebridge Financial Inc. (CRBG) on Monday reported a loss of $660 million in its second quarter.
The Houston-based company said it had a loss of $1.20 per share. Earnings, adjusted for non-recurring costs, came to $1.36 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The financial services company posted revenue of $4.42 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $4.74 billion.
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