U.S. Markets open in 2 hrs 12 mins
  • S&P Futures

    3,634.25
    +1.50 (+0.04%)
     
  • Dow Futures

    29,968.00
    -30.00 (-0.10%)
     
  • Nasdaq Futures

    12,119.25
    +43.25 (+0.36%)
     
  • Russell 2000 Futures

    1,848.70
    -2.80 (-0.15%)
     
  • Crude Oil

    45.23
    +0.32 (+0.71%)
     
  • Gold

    1,810.60
    +6.00 (+0.33%)
     
  • Silver

    23.38
    +0.08 (+0.34%)
     
  • EUR/USD

    1.1886
    -0.0010 (-0.0832%)
     
  • 10-Yr Bond

    0.8820
    0.0000 (0.00%)
     
  • Vix

    22.09
    -0.57 (-2.52%)
     
  • GBP/USD

    1.3330
    -0.0028 (-0.2133%)
     
  • USD/JPY

    104.4900
    +0.0100 (+0.0096%)
     
  • BTC-USD

    19,161.68
    -104.97 (-0.54%)
     
  • CMC Crypto 200

    380.98
    +11.22 (+3.04%)
     
  • FTSE 100

    6,395.27
    -36.90 (-0.57%)
     
  • Nikkei 225

    26,296.86
    +131.27 (+0.50%)
     

Recap: Erie Indemnity Q3 Earnings

Benzinga Insights
·1 min read

Shares of Erie Indemnity (NASDAQ:ERIE) rose 0.56% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 5.00% over the past year to $1.71, which beat the estimate of $1.50.

Revenue of $653,481,000 rose by 2.31% year over year, which beat the estimate of $630,350,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

View more earnings on ERIE

Revenue guidance hasn't been issued by the company for now.

Technicals

52-week high: $239.04

Company's 52-week low was at $130.20

Price action over last quarter: Up 12.40%

Company Description

Erie Indemnity Co primarily performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.