CNO Financial Posts $1.09B in Third-Quarter Revenue
CNO sits 41% above its 52-week low of $38.99.
Summary
CNO Financial reported third-quarter revenue of $1.09B, per Dow Jones Newswires, along with net income of $161.1M and EPS of $1.71, and it raised its full-year operating EPS guidance. The headline revenue figure gives the top line only, so the market's read depends on the full release, which now shows the profit numbers and the higher guidance. This is the first hard Q3 number for a stock trading near its 52-week high of $57.59, which raises the bar for the print. The prior quarter set a high bar: Q1 operating EPS rose 33% year over year with reaffirmed full-year guidance and a raised dividend. Watch how the reported operating EPS compares with that Q1 growth pace now that full-year guidance has been raised.
At the time of this announcement, CNO was trading at $55.17 on NYSE in the Finance sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $38.99 to $57.59. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.