Conseco Inc. (CNO)

[kuwlness]

Sweet ... knew that 1.85 Bottom was gonna hold. Great 2nd Q Conseco!


Conseco late Tuesday said it expects to report second-quarter net income of $15.8 million to $27.8 million, improving from a net loss of $488.5 million a year earlier. On a per-share basis, the company sees a profit of 9 cents to 15 cents, including 7 cents to 13 cents a share in net realized investment losses. In the same period in 2008, the company posted a net loss of $2.65 a share, the insurer said. Conseco also forecast net operating income of 22 cents a share in the quarter, up 69% from 13 cents a share in the same quarter last year.