03.02.2016 22:34:11
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Lincoln National Corp. Reveals 13% Drop In Q4 Bottom Line
(RTTNews) - Lincoln National Corp. (LNC) revealed earnings for fourth quarter that dropped compared to the same period last year.
The company said its bottom line came in at $382 million, or $1.54 per share. This was down from $439 million, or $1.67 per share, in last year's fourth quarter.
Analysts had expected the company to earn $1.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 14.1% to $3.17 billion. This was down from $3.69 billion last year.
Lincoln National Corp. earnings at a glance:
-Earnings (Q4): $382 Mln. vs. $439 Mln. last year. -Earnings Decline (Y-o-Y): -13.0% -EPS (Q4): $1.54 vs. $1.67 last year. -EPS Decline (Y-o-Y): -7.8% -Analysts Estimate: $1.56 -Revenue (Q4): $3.17 Bln vs. $3.69 Bln last year. -Revenue Change (Y-o-Y): -14.1%
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