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Unum Stock Plunges 12% After Earnings Miss and Guidance Cut
Unum Stock Plunges 12% After Earnings Miss and Guidance Cut
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BTCCSquare news:
Unum's shares cratered more than 12% Wednesday—far outpacing the broader market's 0.1% dip—after the insurer posted disappointing quarterly results and slashed full-year profit guidance for the second consecutive quarter.
While Q2 revenue of $3.36 billion edged past estimates, adjusted operating income fell 12% to $361 million ($2.07/share), well below the $2.22 consensus. CEO Richard McKenney's assurance of "solid Core fundamentals" failed to offset concerns as the company now projects just $8.50/share in 2025 adjusted operating income.
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