CNO Beats 2Q Profit Forecasts

CARMEL, Ind. (AP) _ CNO Financial Group Inc. (CNO) on Tuesday reported second-quarter net income of $59.9 million.

On a per-share basis, the Carmel, Indiana-based company said it had profit of 33 cents. Earnings, adjusted for non-recurring costs, were 35 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The insurance holding company posted revenue of $1 billion in the period.

CNO shares have dropped 3.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.43, a drop of almost 1 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 CNO at http://ift.tt/2a9n1vJ

Keywords: CNO Financial, Earnings Report

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