JERSEY CITY, N.J. (AP) _ Verisk Analytics Inc. (VRSK) on Tuesday reported third-quarter net income of $32.9 million.
The Jersey City, New Jersey-based company said it had net income of 20 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, were $1.12 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The insurance data provider posted revenue of $652.7 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $650.8 million.
Verisk shares have increased 38% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $150.12, an increase of 31% in the last 12 months.