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Tiptree: 3Q Earnings Snapshot

·1 min read

NEW YORK (AP) _ Tiptree Financial Inc. (TIPT) on Wednesday reported third-quarter net income of $12.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of 35 cents.

The insurance and specialty finance company posted revenue of $224 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit $4.99. A year ago, they were trading at $7.26.

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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 TIPT at https://www.zacks.com/ap/TIPT