Verisk Analytics Q2 Adjusted Earnings Beat Estimates

Verisk Analytics Inc. (VRSK) reported a net profit for second quarter that decreased from last year. However, on adjusted basis, earnings surpassed the Street estimates.

The company's bottom line came in at $154.0 million, or $0.94 per share. This compares with $179.0 million, or $1.08 per share, in last year's second quarter.

Excluding items, Verisk Analytics Inc. reported adjusted earnings of $191.0 million or $1.17 per share for the period.

Adjusted for $0.21 per share impact from a non-cash revaluation charge related to the U.K tax law change, earnings would have increased 7.0% to $1.38, the company said in a statement.

Analysts had expected the company to earn $1.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.1% to $747.5 million from $678.8 million last year.

Verisk Analytics Inc. earnings at a glance:

-Earnings (Q2): $191.0 Mln. vs. $212.9 Mln. last year.
-EPS (Q2): $1.17 vs. $1.29 last year.
-Analysts Estimate: $1.33
-Revenue (Q2): $747.5 Mln vs. $678.8 Mln last year.

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