(RTTNews) - Mercury General Corp. (MCY) revealed a profit for its third quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $280.40 million, or $5.06 per share. This compares with $230.86 million, or $4.17 per share, last year.
Excluding items, Mercury General Corp. reported adjusted earnings of $213.69 million or $3.86 per share for the period.
Analysts on average had expected the company to earn $2.15 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.5% to $1.584 billion from $1.530 billion last year.
Mercury General Corp. earnings at a glance (GAAP) :
-Earnings: $280.40 Mln. vs. $230.86 Mln. last year. -EPS: $5.06 vs. $4.17 last year. -Revenue: $1.584 Bln vs. $1.530 Bln last year.
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