LA JOLLA, Calif. (AP) _ Palomar Holdings Inc. (PLMR) on Monday reported third-quarter profit of $7.5 million.
On a per-share basis, the La Jolla, California-based company said it had net income of 31 cents. Earnings, adjusted for non-recurring costs, were 40 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The insurance holding company posted revenue of $30.5 million in the period. Its adjusted revenue was $30.1 million, which matched Street forecasts.