Torchmark sees quarterly profit down to 72 cents a share

Torchmark sees quarterly profit down to 72 cents a share October 10th, 2008 SAN FRANCISCO (MarketWatch) — Torchmark Corp. on Friday said it expects its third-quarter net income to fall to 72 cents a share from $1.41 a share in third quarter of 2007. The decline is due to a $70 million charge from a writedown of debt issued by AIG, Lehman Brothers and Washington Mutual. Analysts surveyed by FactSet Research are projecting the insurance holding company to earn $1.49 a share in the quarter. Ne

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