Unum Group (UNM) announced earnings for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $189.1 million, or $1.06 per share. This compares with $395.2 million, or $2.04 per share, last year.
Excluding items, Unum Group reported adjusted earnings of $365.5 million or $2.04 per share for the period.
Analysts on average had expected the company to earn $2.19 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 3.4% to $3.091 billion from $3.200 billion last year.
Unum Group earnings at a glance (GAAP) :
-Earnings: $189.1 Mln. vs. $395.2 Mln. last year.
-EPS: $1.06 vs. $2.04 last year.
-Revenue: $3.091 Bln vs. $3.200 Bln last year.
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