FONT-SIZE Plus   Neg

Platinum Underwriters Holdings Turns To Profit In Q1 - Quick Facts

Platinum Underwriters Holdings Ltd. (PTP) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Social media site Twitter Inc., which is facing an uncertain future, is planning to cut around 8 percent of its total workforce, Bloomberg reported Monday citing people familiar with the matter. The company, which is trying cost control amid slowing sales growth, may announce the job cut of about 300 people as soon as this week. Visa Inc. (V) on Monday reported an increase in profit for the fourth quarter, as revenues jumped driven largely by increase in customer spending and inclusion of Europe business. Earnings and revenues trumped Wall Street expectations. Foster City, California-based Visa's fourth-quarter profit rose... As Sony Corp. prepares to launch the new PlayStation 4 Pro gaming console on November 10, several new games that are compatible with the console have also been confirmed for launch. Game developers are readying to provide PlayStation 4 Pro support for many games on PS4.
comments powered by Disqus
Follow RTT