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Verisk: 1Q Earnings Snapshot

JERSEY CITY, N.J. (AP) _ Verisk Analytics Inc. (VRSK) on Tuesday reported first-quarter profit of $134.4 million.

On a per-share basis, the Jersey City, New Jersey-based company said it had profit of 81 cents. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.03 per share.

The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The insurance data provider posted revenue of $625 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $620.6 million.

Verisk shares have increased 29% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $141.14, an increase of 33% 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 VRSK at https://www.zacks.com/ap/VRSK