Close

The Phoenix Companies (PNX) Reports Revised Q4, FY08 Results

March 6, 2009 9:20 AM EST
The Phoenix Companies, Inc. (NYSE: PNX) filed its Annual Report on Form 10-K, which included fourth quarter and full year 2008 results that were revised from those originally reported in the company's earnings release dated February 27, 2009. In the original earnings release, Phoenix had overstated its fourth quarter and full year net losses by $46 million as a result of an error in accounting for income taxes. Therefore, the original earnings release dated February 27, 2009 should not relied upon and is revised by this earnings release.

Phoenix had Q4 net loss of $378.3 million, or $3.31 per share, with adjusted operating income of $29.2 million, or $0.26 per share.

For FY08, the company reported a net loss of $726.0 million, or $6.35 per share. Full year adjusted operating income was $76.0 million, or $0.66 per share.

More from the release.

You May Also Be Interested In





Related Categories

Corporate News, Earnings