Lincoln National Corp. Q2 Profit Increases, Beats Estimates

(RTTNews) - Lincoln National Corp. (LNC) announced earnings for its second quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $884 million, or $5.11 per share. This compares with $502 million, or $2.94 per share, in last year's second quarter.

Excluding items, Lincoln National Corp. reported adjusted earnings of $319 million or $1.84 per share for the period.

Analysts on average had expected the company to earn $1.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 75.8% to $5.15 billion from $2.93 billion last year.

Lincoln National Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $884 Mln. vs. $502 Mln. last year. -EPS (Q2): $5.11 vs. $2.94 last year. -Revenue (Q2): $5.15 Bln vs. $2.93 Bln last year.