Lincoln National (LNC) Earnings Beat In Q1, Revenues Miss
Zacks Investment Research | May 03, 2017 09:36PM ET
Lincoln National Corporation’s (NYSE:LNC) first-quarter 2017 operating net income of $1.92 per share surpassed the Zacks Consensus Estimate by 18.5%. Also, the bottom line increased 52% year over year on the back of higher revenues.
Lincoln National’s operating revenues grew 7.9% year over year to $3.5 billion. The top line, however, lagged the Zacks Consensus Estimate of $3.56 billion by 1.7%.
Total expenses of $3.03 billion increased 0.6% year over year, mainly due to higher commission and other expenses.
Lincoln National Corporation Price, Consensus and EPS Surprise
the complete list of today’s Zacks #1 Rank stocks here .Among the other players in the same space, the bottom line at American International Group Inc. (NYSE:AIG) , Prudential Financial Inc. (NYSE:PRU) and Aflac Inc. (NYSE:AFL) beat first-quarter estimates by 22.5%, 5.68% and 3.09%, respectively.
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