Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Triple-S Management Q1 Profit Rises; Backs FY13 Pro Forma EPS View - Quick Facts

RELATED NEWS
Trade GTS now with 

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.

Click here to receive FREE breaking news email alerts for triple-s management corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Russia has agreed to resume gas supplies to Ukraine under a $4.6 billion dollar winter package, which will also secure gas for the European Union as the cold season approaches. The European Union has been mediating discussions to help find a sustainable solution to the dispute between Russia and Ukraine over gas pricing, supply and payment dues. After seven rounds of negotiations in recent months The Bank of Japan expanded its massive quantitative and qualitative easing unexpectedly as policymakers assessed it necessary to achieve the 2 percent inflation target even after a sales tax hike in April. In a 5-4 vote, the Policy Board led by Governor Haruhiko Kuroda decided to raise the monetary base at an annual pace of about JPY 80 trillion. LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, 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.