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Old Republic International Reveals Drop In Q1 Bottom Line, but beats estimates

Old Republic International (ORI) reported earnings for first quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $306.3 million, or $1.00 per share. This compares with $502.1 million, or $1.68 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.3% to $2.206 billion from $2.355 billion last year.

Old Republic International earnings at a glance (GAAP) :

-Earnings (Q1): $306.3 Mln. vs. $502.1 Mln. last year.
-EPS (Q1): $1.00 vs. $1.68 last year.
-Analyst Estimates: $0.66
-Revenue (Q1): $2.206 Bln vs. $2.355 Bln last year.

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