State Auto Financial Q4 Profit Rises - Quick Facts

State Auto Financial Annual Meeting Of Stockholders At 10:00 AM ET

State Auto Financial Q1 13 Earnings Conference Call At 11:00 AM ET

State Auto Financial Turns To Profit In Q1 - Quick Facts

Trade STFC now with

2/16/2012 6:12 AM ET

State Auto Financial Corp. (STFC: Quote) reported fourth quarter net income of $100.6 million, or $2.49 per share, up from $37.6 million, or $0.94 per share, for the fourth quarter of 2010. Net income from operations per share for the fourth quarter 2011 was $2.30, versus $0.78 for the same 2010 period.

Total revenues for the quarter rose to $401.1 million from $356.9 million in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share on revenues of $386.65 million for the quarter. Analysts' estimates typically exclude special items.

Click here to receive FREE breaking news email alerts for STATE AUTO FINANCIAL and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 67 Articles

Editors Pick

China Manufacturing Contraction Deepens In June

China's manufacturing activity contracted at a faster pace in June, reducing the prospects of a promising economic recovery, preliminary results of a survey by Markit Economics and HSBC revealed Thursday. The flash manufacturing purchasing managers' index fell to 48.3 in June from 49.2 in May. The index is now at its lowest level in nine months.

King Makes Last Plea For Stimulus Before Entrusting BoE To Carney's 'Safe Hands'

Bank of England Governor Mervyn King made a last but strong call for expanding stimulus for the British economy in his final Mansion House speech on Wednesday even as he left some "unfinished business" in the banking sector for the next chief Mark Carney to complete. King will step down by end-June after ten years at the helm. Carney will assume office from July 1.

Red Hat Results Edge Past Estimates

Red Hat Inc., the world's largest seller of Linux software, said Wednesday after the markets closed that its first quarter profit rose 8% from last year, as revenue increased 15% amid strong consumer demand. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.