Lincoln Financial Q2 Profit Declines

(RTTNews) - Lincoln Financial Group (LNC) reported net income for the second quarter available to common stockholders of $317 million, compared to $321 million last year. On a per share basis, the company posted earnings of $1.15, higher that $1.09 in the same quarter prior year.

Second quarter income from operations was $351 million, or $1.15 per share, compared to $319 million, or $1.09 per share, in the second quarter of 2012.

Meanwhile, total operating revenues for the quarter rose to $3.01 billion from $2.90 billion in the year ago quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.15 per share on revenues of $3.00 billion for the second-quarter. Analysts' estimates typically exclude special items.