CNO Beats 3Q Profit Forecasts

CARMEL, Ind. (AP) _ CNO Financial Group Inc. (CNO) on Wednesday reported third-quarter net income of $100.8 million.

On a per-share basis, the Carmel, Indiana-based company said it had net income of 59 cents. Earnings, adjusted for non-recurring gains, came to 45 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The insurance holding company posted revenue of $1.08 billion in the period.

CNO shares have climbed 30 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.82, a climb of 65 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNO at https://www.zacks.com/ap/CNO