Hartford Financial Services Group Inc. Announces 69% Retreat In Q2 Bottom Line

(RTTNews) - Hartford Financial Services Group Inc. (HIG) revealed a profit for second quarter that decreased compared to the same period last year.

The company said its earnings came in at $122 million, or $0.31 per share. This was down from $389 million, or $0.91 per share, in last year's second quarter.

Analysts had expected the company to earn $0.80 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.2% to $4.68 billion. This was down from $4.69 billion last year.

Hartford Financial Services Group Inc. earnings at a glance:

-Earnings (Q2): $122 Mln. vs. $389 Mln. last year. -Earnings Decline (Y-o-Y): -68.6% -EPS (Q2): $0.31 vs. $0.91 last year. -EPS Decline (Y-o-Y): -65.9% -Analysts Estimate: $0.80 -Revenue (Q2): $4.68 Bln vs. $4.69 Bln last year. -Revenue Change (Y-o-Y): -0.2%