Voya Misses Street 2Q Forecasts

NEW YORK (AP) _ Voya Financial Inc. (VOYA) on Tuesday reported second-quarter earnings of $167.2 million.

The New York-based company said it had net income of 89 cents per share. Earnings, adjusted for non-recurring gains, were 67 cents per share.

The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The retirement, investment and insurance company posted revenue of $2.59 billion in the period. Its adjusted revenue was $272.9 million, which also did not meet Street forecasts. Twelve analysts surveyed by Zacks expected $318.8 million.

Voya shares have risen 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $39.70, a rise of 55 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 VOYA at https://www.zacks.com/ap/VOYA

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