Tuesday, May 05, 2009
Protective Life Surges 17% On Better-Than-Expected 1Q Results
Shares of Protective Life Corp. (PL) jumped as much as 22% Monday, a day after the life insurer reported better-than-expected first-quarter results.
The company did not provide guidance for the year, citing "extraordinary market conditions and the potential impact of fair value accounting on reported results..."
WSJ: Protective Life Surges 17% On Better-Than-Expected 1Q Results
The company did not provide guidance for the year, citing "extraordinary market conditions and the potential impact of fair value accounting on reported results..."
WSJ: Protective Life Surges 17% On Better-Than-Expected 1Q Results