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State Auto Financial Q4 Profit Rises - Quick Facts

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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.

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by RTT Staff Writer

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After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June. After showing a lack of direction throughout much of the previous session, stocks may move to the downside in early trading on Friday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 23 points. British economic growth remained high as expected in the second quarter as a robust expansion in the dominant service sector, and industry completely offset the slight weakness in the construction sector. With the second quarter expansion, GDP returned to its pre-crisis level. Gross domestic product grew 0.8 percent sequentially in the second quarter, the same rate as seen in the first quarter.
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