Torchmark Q3 Profit Meets Estimate

(RTTNews) - Torchmark Corp. (TMK) reported net income for the third quarter of $132.1 million or $1.43 per share, compared with $130.7 million or $1.36 per share for the year-ago quarter. Net operating income for the quarter was $1.43 per share, compared with $1.29 per share for the year-ago quarter.

Total revenue for the third quarter rose to $932.79 million from $877.10 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.43 per share on revenue of $944.66 million for the third quarter. Analysts' estimates typically exclude special items.

Looking forward, Torchmark projects that net operating income per share for the full year 2013 will be in a range of $5.68 to $5.72, compared to its prior guidance of $5.60 to $5.75 per share.

For the full year 2014, the company projects net operating income per share of $6.00 to $6.40.

Analysts currently expect the company o earn $5.70 per share for the full year 2013 and $6.23 per share for the full year 2014.