Horace Mann Educators Q3 Profit Increases, Beats Estimates

(RTTNews) - Horace Mann Educators (HMN) reported earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $34.3 million, or $0.83 per share. This compares with $11.7 million, or $0.28 per share, in last year's third quarter.

Excluding items, Horace Mann Educators reported adjusted earnings of $31.3 million or $0.76 per share for the period.

Analysts on average had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.8% to $412.1 million from $378.7 million last year.

Horace Mann Educators earnings at a glance (GAAP) :

-Earnings (Q3): $34.3 Mln. vs. $11.7 Mln. last year. -EPS (Q3): $0.83 vs. $0.28 last year. -Revenue (Q3): $412.1 Mln vs. $378.7 Mln last year.

-Guidance: Full year EPS guidance: $2.40 - $2.70