WASHINGTON (dpa-AFX) - Erie Indemnity Co (ERIE) released a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $110.93 million, or $2.12 per share. This compares with $65.49 million, or $1.25 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $2.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 16.7% to $817.67 million from $700.64 million last year.
Erie Indemnity Co earnings at a glance (GAAP) :
-Earnings (Q4): $110.93 Mln. vs. $65.49 Mln. last year. -EPS (Q4): $2.12 vs. $1.25 last year. -Analyst Estimate: $2.02 -Revenue (Q4): $817.67 Mln vs. $700.64 Mln last year.
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