Lincoln National Corp. (LNC) released a profit for first quarter that decreased from last year.
The company's bottom line came in at $367 million, or $1.64 per share. This compares with $435 million, or $1.89 per share, in last year's first quarter.
Excluding items, Lincoln National Corp. reported adjusted earnings of $441 million or $1.97 per share for the period.
Analysts had expected the company to earn $1.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.1% to $3.61 billion from $3.50 billion last year.
Lincoln National Corp. earnings at a glance:
-Earnings (Q1): $441 Mln. vs. $442 Mln. last year.
-EPS (Q1): $1.97 vs. $1.92 last year.
-Analysts Estimate: $1.94
-Revenue (Q1): $3.61 Bln vs. $3.50 Bln last year.
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