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Fairfax Financial Holdings posts 1Q profit

TORONTO (AP) _ Fairfax Financial Holdings Ltd. (FRFHF) on Thursday reported first-quarter net income of $82.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Toronto-based company said it had profit of $3.03. Earnings, adjusted for investment costs, came to $3.83 per share.

The financial services holding company posted revenue of $2.74 billion in the period.

Fairfax Financial Holdings shares have fallen 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $456.97, a decline of 19 percent 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 FRFHF at https://www.zacks.com/ap/FRFHF


Keywords: Fairfax Financial Holdings, Earnings Report