HARTFORD, Conn. (AP) _ The Hartford Financial Services Group Inc. (HIG) on Monday reported third-quarter net income of $381 million.
The Hartford, Connecticut-based company said it had net income of 90 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring gains, came to 86 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The insurance and financial services company posted revenue of $4.16 billion in the period.
The Hartford shares have climbed 17 percent since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 1 percent. In the final minutes of trading on Monday, shares hit $48.81, an increase of 30 percent in the last 12 months.
This story was generated by Automated Insights (http://ift.tt/1nCTSu9) using data from Zacks Investment Research. Access a Zacks stock report on HIG at http://ift.tt/1icDgJX
Keywords: The Hartford, Earnings Report
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