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BRP Group: 3Q Earnings Snapshot

·1 min read

TAMPA, Fla. (AP) _ BRP Group, Inc. (BRP) on Thursday reported a loss of $3.3 million in its third quarter.

The Tampa, Florida-based company said it had a loss of 10 cents per share. Earnings, adjusted for one-time gains and costs, came to 11 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The company posted revenue of $65.8 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $55.3 million.

BRP Group shares have risen 88% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $30.24, a climb of 80% in the last 12 months.

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