BRP Group: Q4 Earnings Snapshot

TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — BRP Group, Inc. (BRP) on Wednesday reported a loss of $34.5 million in its fourth quarter.

The Tampa, Florida-based company said it had a loss of 56 cents per share. Earnings, adjusted for one-time gains and costs, came to 14 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The company posted revenue of $284.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $282 million.

For the year, the company reported that its loss widened to $90.1 million, or $1.50 per share. Revenue was reported as $1.22 billion.

BRP Group shares have risen 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.33, a decline of nearly 5% 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