Triple-S Management Corp. (GTS: Quote), reported that its first-quarter net income attributable to the company was $17.24 million or $0.61 per share, up from $7.51 million or $0.26 per share in the same quarter last year.
Pro Forma net income for the quarter was $15.6 million, or $0.55 per share, up from $6.1 million or $0.21 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.
Total operating revenues for the quarter rose to $589.62 million from $587.07 million in the prior year quarter. Two analysts had consensus revenue estimate of $591.83 million for the quarter.
Looking ahead to the fiscal year 2013, the company still expects Pro forma earnings in the range of $1.90 to $2.00 per share. Consolidated operating revenues are expected to be in the range of $2.35 billion - $2.45 billion. Analysts expect the company to report earnings of $1.99 per share on revenues of $2.39 billion for fiscal 2013.
by RTT Staff Writer
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