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NEW YORK (TheStreet) -- Shares of Voya Financial (VOYA) - Get Voya Financial, Inc. Report are dipping by 4.37% to $30.61 on Wednesday morning, after the New York-based company reported weaker-than-expected results for the 2016 first quarter.

Before the opening bell, the retirement, investment and insurance company posted operating earnings of 55 cents per diluted share, missing analysts' expectations of 70 cents per share.

Revenue was $239 million for the quarter, the Associated Press noted. The results did not meet Wall Street's projections of $298.7 million.

"During the quarter, equity market volatility negatively impacted fee income and - along with lower alternative investment income - resulted in a decline in operating earnings compared with the first quarter of 2015," CEO Rodney Martin said in a statement.

"Despite this, we continued to move forward with our strategic investment program and execute on our initiatives to drive further profitable growth in our ongoing business," he added.

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Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures.

However, the team also finds weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: VOYA

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