Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Mercury General Q1 Profit Rises - Quick Facts

RELATED NEWS
Trade MCY now with 

Mercury General Corp. (MCY: Quote) reported that its first-quarter net income was $73.4 million or $1.34 per share up from $58.2 million or $1.06 per share for the same period in 2011.

Operating income was $39.1 million or $0.71 per share for the first quarter of 2012 compared to $39.6 million or $0.72 per share for the same period in 2011. Analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share for the quarter. Analysts' estimates typically exclude special items.

Net premiums written were $658.3 million in the first quarter of 2012, essentially the same as the corresponding period in 2011. Revenues for the quarter rose to $722.68 million from $705.54 million in the prior year quarter. Three analysts had consensus revenue estimate of $679.46 million for the quarter.

The company said that its board declared a quarterly dividend of $0.61 per share. The dividend is to be paid on June 28, 2012 to shareholders of record on June 14, 2012.

Click here to receive FREE breaking news email alerts for Mercury General Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
South Korea announced a $11.4 billion stimulus plan to stimulate the economy, which logged its slowest growth in more than a year on weak private spending. The finance ministry announced policy financing support for small businesses and to boost household income. The ministry increased the lending ceiling for businesses to $15 billion from $10 billion. European stocks are seen flat to slightly lower on Thursday amid a lack of cues to sustain two days of gains. Geopolitical concerns remain and the earnings season is picking up pace, rendering investor mood cautious. In economic releases, investors eye PMI reports from major European economies and... Social networking giant Facebook, Inc. said Wednesday after the markets closed that its second quarter profit more than doubled from last year, as revenue surged 61% amid strong growth in mobile advertising. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.