logo
Plus   Neg
Share
Email

Torchmark Corp. Q3 adjusted earnings Beat Estimates

Torchmark Corp. (TMK) released a profit for its third quarter that advanced from last year.

The company's bottom line totaled $179 million, or $1.55 per share. This compares with $153 million, or $1.29 per share, in last year's third quarter.

Excluding items, Torchmark Corp. reported adjusted earnings of $182.7 million or $1.59 per share for the period.

Analysts had expected the company to earn $1.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.9% to $1.08 billion from $1.05 billion last year.

Torchmark Corp. earnings at a glance:

-Earnings (Q3): $182.7 Mln. vs. $146.1 Mln. last year.
-EPS (Q3): $1.59 vs. $1.23 last year.
-Analysts Estimate: $1.53
-Revenue (Q3): $1.08 Bln vs. $1.05 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT