MCKINNEY, Texas (AP) _ Torchmark Corp. (TMK) on Wednesday reported second-quarter profit of $138 million.
On a per-share basis, the McKinney, Texas-based company said it had net income of $1.13. Earnings, adjusted for non-recurring gains, came to $1.11 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The life and health insurance company posted revenue of $988 million in the period.
Torchmark expects full-year earnings in the range of $4.40 to $4.50 per share.
Torchmark shares have risen slightly more than 7 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 6 percent. In the final minutes of trading on Wednesday, shares hit $61.40, climbing slightly 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 TMK at http://ift.tt/2a0tQCw
Keywords: Torchmark, Earnings Report
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