RADNOR, Pa. (AP) — RADNOR, Pa. (AP) — Lincoln National Corp. (LNC) on Thursday reported third-quarter net income of $445 million.
On a per-share basis, the Radnor, Pennsylvania-based company said it had net income of $2.12. Earnings, adjusted for non-recurring gains, came to $2.04 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.
The insurance and retirement business posted revenue of $4.56 billion in the period. Its adjusted revenue was $4.78 billion, missing Street forecasts. Four analysts surveyed by Zacks expected $4.8 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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