Primerica, Inc. (PRI) reported earnings for fourth quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $34.87 million, or $0.87 per share. This compares with $100.08 million, or $2.52 per share, in last year's fourth quarter.
Excluding items, Primerica, Inc. reported adjusted earnings of $117.01 million or $2.94 per share for the period.
Analysts on average had expected the company to earn $3.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 21.0% to $724.09 million from $598.33 million last year.
Primerica, Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $34.87 Mln. vs. $100.08 Mln. last year.
-EPS (Q4): $0.87 vs. $2.52 last year.
-Analyst Estimates: $3.22
-Revenue (Q4): $724.09 Mln vs. $598.33 Mln last year.
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