RADNOR, Pa. (AP) 鈥� RADNOR, Pa. (AP) 鈥� Lincoln National Corp. (LNC) on Thursday reported a loss of $172 million in its first quarter.
The Radnor, Pennsylvania-based company said it had a loss of $1.10 per share. Earnings, adjusted for non-recurring costs, were $1.66 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The insurance and retirement business posted revenue of $5.31 billion in the period. Its adjusted revenue was $4.87 billion, which missed Street forecasts. Three analysts surveyed by Zacks expected $4.88 billion.
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