Conseco expects operating EPS boost from LPG merger.CARMEL, Ind.--(BUSINESS WIRE)--March 12, 1996--Conseco, Inc. (NYSE NYSE See: New York Stock Exchange :CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) told analysts in a conference call today that it expects that the pending merger with Life Partners Group (NYSE:LPG LPG: see liquefied petroleum gas. 1. LPG - Linguaggio Procedure Grafiche (Italian for "Graphical Procedures Language"). dott. Gabriele Selmi. Roughly a cross between Fortran and APL, with graphical-oriented extensions and several peculiarities. ) announced this morning will add approximately 25 cents to 30 cents to Conseco's pre-split 1996 operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before per share and may increase pre-split 1997 operating earnings per share to as much as $10.00. Prior to today's announcement, analyst estimates for Conseco were for pre-split operating earnings per share of $7.00 in 1996 and $8.50 to $8.75 in 1997. As previously reported, Conseco common stock will split two-for-one effective April 1, 1996. Conseco, a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organization headquartered in Carmel, Ind., owns and operates life insurance companies and provides investment management, administrative and other services for fees. -0- For more information Investor Hotline - Call (800) 4-CONSECO (in Indianapolis: 817-6777) to receive annual reports, 10-Ks, 10-Qs and other lengthy documents by mail, to be placed on our permanent mailing list, to hear prerecorded pre·re·cord tr.v. pre·re·cord·ed, pre·re·cord·ing, pre·re·cords To record (a television program, for example) at an earlier time for later presentation or use. Adj. 1. messages on a number of topics (including daily stock trading, news releases and financial results), or to speak with an investor relations Investor relations The process by which the corporation communicates with its investors. representative. Fax-on-Demand - Call (800) 344-6452 for a menu of Conseco news releases and other investor publications (including our investor guide, which contains additional statistical data) you can receive free via Fax. World Wide Web - Visit Conseco's site on the Internet's World Wide Web--http://www.conseco.com--to view corporate news and financial data (including the company's SEC filings), information about Conseco's people, products and services, as well as facts about Conseco employment opportunities and benefits. E-Mail - Contact us via e-mail at ir@conseco.com to ask questions or request materials. NOTE: The World Wide Web address in this release contains a double slash after "http:" The E-Mail address contains an "at" symbol between "ir" and "conseco.com" These symbols may not appear properly in some systems. CONTACT: Conseco, Inc., Carmel Jim Rosensteele, Vice President-Investor Relations 317/817-2893/ir@conseco.com |
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