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RLI Corp Q3 adjusted earnings Miss Estimates

RLI Corp (RLI) released a profit for its third quarter that climbed from last year.

The company's profit came in at $39.37 million, or $0.88 per share. This compares with $1.73 million, or $0.04 per share, in last year's third quarter.

Excluding items, RLI Corp reported adjusted earnings of $20.81 million or $0.46 per share for the period.

Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.6% to $240.62 million from $196.25 million last year.

RLI Corp earnings at a glance:

-Earnings (Q3): $20.81 Mln. vs. $1.71 Mln. last year.
-EPS (Q3): $0.46 vs. $0.04 last year.
-Analysts Estimate: $0.50
-Revenue (Q3): $240.62 Mln vs. $196.25 Mln last year.

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