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Lincoln National Corp. (LNC) reported earnings for third quarter that declined from the same period last year.


RTTNews | Nov 3, 2021 04:56PM EDT

16:56 Wednesday, November 3, 2021 (RTTNews.com) - Lincoln National Corp. (LNC) reported earnings for third quarter that declined from the same period last year.

The company's bottom line totaled $318 million, or $1.68 per share. This compares with $393 million, or $2.01 per share, in last year's third quarter.

Excluding items, Lincoln National Corp. reported adjusted earnings of $307 million or $1.62 per share for the period.

Analysts had expected the company to earn $2.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.2% to $5.24 billion from $5.36 billion last year.

Lincoln National Corp. earnings at a glance:

-Earnings (Q3): $307 Mln. vs. -$133 Mln. last year.-EPS (Q3): $1.62 vs. -$0.72 last year.-Analysts Estimate: $2.57-Revenue (Q3): $5.24 Bln vs. $5.36 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3239088/lincoln-national-corp-q3-adjusted-earnings-miss-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved






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