HOUSTON (AP) — HOUSTON (AP) — Corebridge Financial Inc. (CRBG) on Monday reported a loss of $53 million in its first quarter.
On a per-share basis, the Houston-based company said it had a loss of 11 cents. Earnings, adjusted for non-recurring costs, were $1.05 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The financial services company posted revenue of $4.09 billion in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $4.76 billion.
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