Friday, October 27, 2006

 

Phoenix Shows Signs Of A Revival

Investors saw glimmers of hope Thursday in The Phoenix Cos. Inc., sending the stock up 8.8 percent after the company reported a 42 percent rise in net income and continued growth in life insurance sales.

Still in turnaround mode, Hartford-based Phoenix posted $37.4 million, or 32 cents a share, of third-quarter net income, compared with $26.4 million, or 26 cents a share, in the 2005 quarter.

Phoenix Shows Signs Of A Revival
Source: Hartford Courant

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