logo
Share SHARE
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
H&R Block reported a smaller loss for the first quarter, driven by a four percent increase in revenues, partly offset by foreign currency fluctuations. The company announced a $3.5 billion stock buyback, and its shares gained 7% in after-hours trade... About nine-tenths of the world's sea birds are likely to have consumed pieces of plastic which continue to remain in their guts, a study shows. Automakers reported some mixed U.S. sales for August, marked by fewer working days and a delayed Labor Day, even as the month was largely bullish, spurred by lower interest rates, cheaper gas, and some strong employment data that buoyed consumer confidence.
comments powered by Disqus
Follow RTT