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Torchmark sees quarterly profit down to 72 cents a share

SAN FRANCISCO (MarketWatch) — Torchmark Corp. on Friday said it expects its third-quarter net income to fall to 72 cents a share from $1.41 a share in third quarter of 2007. The decline is due to a $70 million charge from a writedown of debt issued by AIG, Lehman Brothers and Washington Mutual. Analysts surveyed by FactSet Research are projecting the insurance holding company to earn $1.49 a share in the quarter. Net operating income in the third quarter is projected at $1.51 a share, up from $1.38 a share in the same period last year. Torchmark is scheduled to release third-quarter earnings on Oct. 22 after the market closes.
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Original post by Forextvblog

This entry was posted on Friday, October 10th, 2008 at 11:58 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “Torchmark sees quarterly profit down to 72 cents a share”

  1. Torchmark sees quarterly profit down to 72 cents a share Says:
    October 10th, 2008 at 3:02 pm

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    October 10th, 2008 at 3:36 pm

    […] [Technorati] Tag results for forex wrote an interesting post today onHere’s a quick excerptTorchmark sees quarterly profit down to 72 cents a share October 10th, 2008 SAN FRANCISCO (MarketWatch) — Torchmark Corp. on Friday said it expects its third-quarter net income to fall to 72 cents a share from $1.41 a share in third quarter of 2007. The decline is due to a $70 million charge from a writedown of debt issued by AIG, Lehman Brothers and Washington Mutual. Analysts surveyed by FactSet Research are projecting the insurance holding company to earn $1.49 a share in the quarter. Ne […]

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