RADNOR, Pa. (AP) _ Lincoln Nationwide Corp. (LNC) on Wednesday reported fourth-quarter internet revenue of $387 million.
The Radnor, Pennsylvania-based firm mentioned it had revenue of $1.80 per share. Earnings, adjusted for non-recurring prices and prices associated to mergers and acquisitions, got here to $2.15 per share.
The outcomes beat Wall Avenue expectations. The common estimate of seven analysts surveyed by Zacks Funding Analysis was for earnings of $2.13 per share.
The insurance coverage and retirement enterprise posted income of $four.53 billion within the interval.
For the 12 months, the corporate reported revenue of $1.62 billion, or $7.40 per share. Income was reported as $16.42 billion.
Lincoln Nationwide shares have climbed 15 % for the reason that starting of the 12 months, whereas the Normal & Poor's 500 index has risen 9 %. Within the ultimate minutes of buying and selling on Wednesday, shares hit $58.97, a lower of 25 % within the final 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing information from Zacks Funding Analysis. Entry a Zacks inventory report on LNC at https://www.zacks.com/ap/LNC
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