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As of Friday, November 27th:
The blended earnings growth rate for the S&P 500 for Q3 2009, combining actual numbers for companies that have reported, and estimates for companies yet to report is currently -13.7%. Of the 490 S&P 500 companies who have reported Q3, 79% beat estimates, 7% were in-line, and 14% were below estimates. As of October 1st, the earnings growth rate was at -24.7%. (Data provided by Thomson Reuters)

LATEST EARNINGS RESULTS


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Hartford Financial Posts Loss on Sour Investments
Published: Wednesday, 29 Jul 2009 | 4:57 PM ET
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By: AP

The Hartford
Hartford Financial Services
said it lost $15 million in the second quarter, weighed down by losses on investments and a decline in premiums.

Still, the U.S. property and life insurer, which received $3.4 billion in federal aid to shore up its finances, posted core earnings that were higher than analysts' estimates.

The insurer said it lost 6 cents per share in the period ended June 30. That compares with a profit of $543 million, or $1.73 per share, a year earlier.

On an adjusted basis, core earnings came in at $622 million, or $1.90 per share, down 11 percent from $696 million, or $2.22 a share, in the second quarter of 2008.

Thomson Reuters said analysts had been expecting earnings of $1.16 per share.

Total assets under management declined 15 percent to $352.07 billion from $416.27 billion in the second quarter of last year.

Hartford shares, which closed up 1.36 percent at $14.96, [HIG  Loading...      ()   ] rose after the market closed.

Hartford's shares have fallen roughly 80 percent from a 52-week high of $68.35 last Aug. 6, as heavy losses on investments and its sales of stock-market linked retirement annuities eroded capital. The stock has partly recovered from its year-low of $3.33 in March.

Reuters contributed to this report

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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