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Verisk: 3Q Earnings Snapshot

·1 min read

JERSEY CITY, N.J. (AP) _ Verisk Analytics Inc. (VRSK) on Wednesday reported third-quarter earnings of $185.8 million.

On a per-share basis, the Jersey City, New Jersey-based company said it had profit of $1.12. Earnings, adjusted for amortization costs, came to $1.32 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The insurance data provider posted revenue of $702.7 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $692.6 million.

Verisk shares have climbed 32% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $196.39, a climb of 40% in the last 12 months.

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