Verisk: Q3 Earnings Snapshot

Associated Press Finance
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JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Verisk Analytics Inc. (VRSK) on Wednesday reported third-quarter earnings of $187.4 million.

The Jersey City, New Jersey-based company said it had net income of $1.29 per share. Earnings, adjusted for non-recurring costs and amortization costs, were $1.52 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

The insurance data provider posted revenue of $677.6 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $662.6 million.

Verisk expects full-year earnings in the range of $5.50 to $5.70 per share, with revenue in the range of $2.63 billion to $2.66 billion.

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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

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