logo
Share SHARE
FONT-SIZE Plus   Neg

Platinum Underwriters Holdings Turns To Profit In Q1 - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In a thumbs up for the Iceland bond market, investors strongly oversubscribed to a bench-marked bond offering by Arion Bank, as the Nordic island country warms up to possible easy access to international credit. Arion Bank issued bonds for 300 million euros and received bids of more than 675 million euros from about 100 investors. The bonds are 3-year instruments with a fixed 3.125 percent coupon. Pacific Investment Management Co. LLC, better known as PIMCO, said investors pulled $8.6 billion from its Total Return Fund in February, the lowest amount of monthly outflow since departure of bond guru Bill Gross last year. The outflows for the month of February from Pimco's flagship fund dropped... Sony said it plans to release its virtual-reality headset next year, giving gamers something more to cheer about when using their playstation 4 console.
comments powered by Disqus
Follow RTT