U.S. Markets open in 1 hr 24 mins

Verisk: 3Q Earnings Snapshot

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.


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