logo
Share SHARE
FONT-SIZE Plus   Neg

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

Triple-S Management Corp. (GTS), 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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Delta Air Lines Inc. (DAL) pilots, represented by the Air Line Pilots Association International, are picketing on Friday at several airports across the country. The pilots said the picketing was to raise the sense of urgency in ongoing contract negotiations. The negotiations between the pilots... Charter Communications, and its recently acquired subsidiary Time Warner Cable, have been regularly overcharging its consumers to a tune of $7.2 million per year, according to a report from the U.S. Senate's Permanent Subcommittee on Investigations. According to the report, Time Warner Cable over-billed... Popular photo sharing network Instagram is adding a new translation button on its pages, so that the global crowd can read and enjoy the captions and comments given for the photographs uploaded. The new update will be available from next month onward.
comments powered by Disqus
Follow RTT