CNO Finl Group Q2 Adj EPS $0.54 Misses $0.69 Estimate, Sales $1.02B Beat $915.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
CNO Financial Group reported Q2 adjusted earnings of $0.54 per share, missing the analyst consensus estimate of $0.69 by 21.74%. However, the company's quarterly sales of $1.02 billion beat the estimate of $915.17 million by 11.67%. This represents a 19.53% increase over sales from the same period last year.
July 31, 2023 | 8:40 pm
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CNO Financial Group's Q2 earnings missed estimates by 21.74%, but sales exceeded expectations by 11.67% and increased 19.53% YoY.
CNO Financial Group's earnings miss could negatively impact the stock price in the short term. However, the strong sales performance, which beat estimates and showed significant YoY growth, may mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100