Platinum Underwriters Holdings Ltd. (PTP: Quote) reported first-quarter net income of $53.3 million or $1.49 per share, compared to net loss of $157.2 million or $4.20 per share last year.
On average, six analysts polled by Thomson Reuters expected earnings of $1.01 per share for the quarter. Analysts' estimates typically exclude one-time items.
Total revenue for the quarter declined to $187.55 million from $215.26 million in the comparable quarter last year, while two analysts were looking for revenue of $199.93 million for the quarter.
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by RTT Staff Writer
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