Corebridge Financial Reports Q3 Non-GAAP EPS of $1.22 and Revenue Miss
Corebridge Financial (CRBG) reported third-quarter financial results that fell short of market expectations. The company posted a Non-GAAP earnings per share (EPS) of $1.22, missing estimates by $0.02, while total revenue reached $4.5 billion, representing a 20.1% year-over-year decline and falling $710 million short of projections. Despite the quarterly miss, which led to a nearly 3% drop in shares during after-hours trading, management continues to focus on long-term capital generation. The company has outlined targets to achieve $5 billion in earnings and $4 billion in cash generation by 2027, supported by the anticipated completion of its merger with Equitable by the end of the year.
Tickers: $CRBG
Topics: eps miss financial results quarterly earnings revenue miss