Hartford Financial Services Group Inc. Q1 Profit Decreases, But Beats Estimates

(RTTNews) - Hartford Financial Services Group Inc. (HIG) released a profit for first quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $625 million, or $2.15 per share. This compares with $748 million, or $2.47 per share, last year.

Excluding items, Hartford Financial Services Group Inc. reported adjusted earnings of $639 million or $2.20 per share for the period.

Analysts on average had expected the company to earn $2.15 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 6.1% to $6.810 billion from $6.419 billion last year.

Hartford Financial Services Group Inc. earnings at a glance (GAAP) :

-Earnings: $625 Mln. vs. $748 Mln. last year. -EPS: $2.15 vs. $2.47 last year. -Revenue: $6.810 Bln vs. $6.419 Bln last year.