Mercury General Corp. (MCY) 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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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.