|
Headlines
Market news and breaking stories live from Dow Jones Newswires
Market Commentary
A technical analysis commentary of the major markets, only from INO
Smart Scan
A premium service, alerting you to changes in the market by web and email.
Extreme Futures / Stocks
Extreme Markets from all exchanges, updated throughout the trading day.
|
| |
|
Trade Triangle Technology, Advanced Charts, SmartScan, Trading Workshops.
The premier online video learning platform for traders.
Daily Portfolio Scan and Analysis
|
| |
|
Unum profit doubles as investment results improve17 days ago
(AP:CHATTANOOGA, Tenn.) Employee benefits and disability insurance provider Unum Group said Tuesday its third-quarter profit more than doubled because its investments performed better than they did a year ago.
Unum reported a profit of $221.1 million, or 66 cents per share, compared with $108 million, or 32 cents per share a year ago. The company gained $9.5 million, or 2 cents per share, from investments this year, and lost $108.9 million, or 32 cents per share, from investments in the third quarter of 2008.
Thomson Reuters says analysts were expecting a profit of 64 cents per share.
Unum said its revenue edged up 3 percent, to $2.52 billion from $2.44 billion. That fell short of the $2.56 billion analysts were expecting.
The company said Unum U.S. premium revenue fell 2 percent to $1.22 billion. Unum U.K. results were hurt by volatile exchange rates, and premium revenue fell 25 percent to $169.7 million. Premium revenue for the Colonial Life business rose 3 percent to $253.5 million.
For the full year, Unum backed its profit forecast of $2.50 to $2.60 per share for the year. Analysts expect $2.56 per share. In aftermarket trading, Unum stock dipped 5 cents to $20.14.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
< Back to News Index
|
