HOUSTON (AP) — HOUSTON (AP) — Corebridge Financial Inc. (CRBG) on Tuesday reported a loss of $16 million in its second quarter.
The Houston-based company said it had a loss of 4 cents per share. Earnings, adjusted for non-recurring costs, came to $1.12 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The financial services company posted revenue of $4.3 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $4.51 billion.
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