Lincoln National Corp. Q3 Profit Declines 30%

(RTTNews) - Lincoln National Corp. (LNC) released earnings for third quarter that dropped from last year.

The company said its profit fell to $289 million, or $1.11 per share. This was lower than $414 million, or $1.56 per share, in last year's third quarter.

Analysts had expected the company to earn $1.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.1% to $3.72 billion. This was up from $3.41 billion last year.

Lincoln National Corp. earnings at a glance:

-Earnings (Q3): $289 Mln. vs. $414 Mln. last year. -Earnings Decline (Y-o-Y): -30.2% -EPS (Q3): $1.11 vs. $1.56 last year. -EPS Decline (Y-o-Y): -28.8% -Analysts Estimate: $1.50 -Revenue (Q3): $3.72 Bln vs. $3.41 Bln last year. -Revenue Change (Y-o-Y): 9.1%