StanCorp Financial Group Earnings: Here’s Why the Stock is Up Now
StanCorp Financial Group Inc. (NYSE:SFG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.35%.
StanCorp Financial Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 154.9% to $1.3 in the quarter versus EPS of $0.51 in the year-earlier quarter.
Revenue: Decreased 1.14% to $717 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: StanCorp Financial Group Inc. reported adjusted EPS income of $1.3 per share. By that measure, the company beat the mean analyst estimate of $1.02. It beat the average revenue estimate of $707.55 million.
Quoting Management: “Our second quarter results continue our strong start to 2013 with solid earnings growth in all of our businesses,” said Greg Ness, chairman, president and chief executive officer. “I am pleased with the significant improvement in group insurance claims experience, the outstanding results in our Asset Management segment and the reduction in operating expenses as a result of our expense management actions. We remain firmly committed to our growth and profitability initiatives in all of our lines of business.”
Key Stats (on next page)…