Mercury General Corp. (MCY: Quote) reported a fourth quarter operating loss of $0.17 per share Monday morning, down from the profit of $0.59 per share last year. The consensus estimate was for a profit of $0.25.
Mercury General declined for the majority of the morning Monday and closed lower by 2.46 at $37.88 on above average volume. The stock dropped below a one-month range and set a 5-month low.
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by RTT Staff Writer
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