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Crawford: 1Q Earnings Snapshot

PEACHTREE CORNERS, Ga. (AP) _ Crawford & Co. (CRD.A) on Tuesday reported a first-quarter loss of $11.4 million, after reporting a profit in the same period a year earlier.

The Peachtree Corners, Georgia-based company said it had a loss of 21 cents per share. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.

The provider of claims management services to insurance companies posted revenue of $246 million in the period. Its adjusted revenue was $237.5 million.

Crawford shares have dropped 41% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.78, a drop of 24% in the last 12 months.


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