The Hartford: 2Q Earnings Snapshot
The Hartford: 2Q Earnings Snapshot
HARTFORD, Conn. (AP) _ The Hartford Financial Services Group Inc. (HIG) on Thursday reported second-quarter net income of $582 million, after reporting a loss in the same period a year earlier.
The Hartford, Connecticut-based company said it had net income of $1.60 per share. Earnings, adjusted to account for discontinued operations and non-recurring gains, came to $1.13 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The insurance and financial services company posted revenue of $4.79 billion in the period. Its adjusted revenue was $4.74 billion.
The Hartford shares have decreased 5.5 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 6 percent. In the final minutes of trading on Thursday, shares hit $53.21, dropping slightly in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIG at https://www.zacks.com/ap/HIG