NEW YORK (AP) _ Voya Financial Inc. (VOYA) on Tuesday reported a first-quarter loss of $98 million, after reporting a profit in the same period a year earlier.

The New York-based company said it had a loss of 71 cents per share. Earnings, adjusted for non-recurring costs, came to $1.10 per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.

The retirement, investment and insurance company posted revenue of $1.69 billion in the period. Its adjusted revenue was $225 million, also beating Street forecasts. Nine analysts surveyed by Zacks expected $224.2 million.

Voya shares have decreased 28% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $43.78, a fall of 20% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VOYA at https://www.zacks.com/ap/VOYA

Automated Insights, source Associated Press News