Voya: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

NEW YORK (AP) _ Voya Financial Inc. (VOYA) on Tuesday reported fourth-quarter net income of $345 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of $2.57. Earnings, adjusted for non-recurring gains, were $1.44 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The retirement, investment and insurance company posted revenue of $2.22 billion in the period. Its adjusted revenue was $398 million.

For the year, the company reported that its loss narrowed to $122 million, or $1.20 per share. Revenue was reported as $844 million.

Voya shares have fallen slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $58.60, a fall of roughly 6% 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 VOYA at https://www.zacks.com/ap/VOYA