NEW YORK (AP) _ Voya Financial Inc. (VOYA) on Wednesday reported a fourth-quarter loss of $106.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of 49 cents. Earnings, adjusted for non-recurring costs, came to 91 cents per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The retirement, investment and insurance company posted revenue of $368.5 million in the period, also exceeding Street forecasts. Fourteen analysts surveyed by Zacks expected $319.3 million.
For the year, the company reported profit of $408.3 million, or $1.80 per share. Revenue was reported as $1.21 billion.
Voya shares have declined 28 percent since the beginning of the year. The stock has declined 35 percent in the last 12 months.
Keywords: Voya Financial, Earnings Report