Kemper: Q1 Earnings Snapshot
CHICAGO (AP) _ Kemper Corp. (KMPR) on Monday reported a first-quarter loss of $94.8 million, after reporting a profit in the same period a year earlier.
The Chicago-based company said it had a loss of $1.49 per share. Losses, adjusted for non-recurring costs and asset impairment costs, were 94 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 66 cents per share.
The insurance holding company posted revenue of $1.39 billion in the period. Its adjusted revenue was $1.44 billion, which also missed Street forecasts. Three analysts surveyed by Zacks expected $1.47 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KMPR at https://www.zacks.com/ap/KMPR