RADNOR, Pa. (AP) _ Lincoln National Corp. (LNC) on Wednesday reported second-quarter profit of $231 million.
On a per-share basis, the Radnor, Pennsylvania-based company said it had net income of $1.34. Earnings, adjusted for non-recurring costs, were $2.23 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.35 per share.
The insurance and retirement business posted revenue of $5.1 billion in the period. Its adjusted revenue was $4.64 billion, beating Street forecasts. Four analysts surveyed by Zacks expected $4.46 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNC at https://www.zacks.com/ap/LNC