WASHINGTON (dpa-AFX) - Erie Indemnity Co (ERIE) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $117.85 million, or $2.25 per share. This compares with $80.15 million, or $1.53 per share, in last year's second quarter.
Analysts on average had expected the company to earn $1.90 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 15.7% to $839.87 million from $726.14 million last year.
Erie Indemnity Co earnings at a glance (GAAP) :
-Earnings (Q2): $117.85 Mln. vs. $80.15 Mln. last year. -EPS (Q2): $2.25 vs. $1.53 last year. -Analyst Estimate: $1.90 -Revenue (Q2): $839.87 Mln vs. $726.14 Mln last year.
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