W. R. Berkley Corporation Q2 Profit Decreases, but beats estimates

W. R. Berkley Corporation (WRB) announced earnings for second quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $179.32 million, or $0.64 per share. This compares with $237.24 million, or $0.85 per share, in last year's second quarter.

Excluding items, W. R. Berkley Corporation reported adjusted earnings of $313.36 million or $1.12 per share for the period.

Analysts on average had expected the company to earn $0.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.1% to $2.51 billion from $2.30 billion last year.

W. R. Berkley Corporation earnings at a glance (GAAP) :

-Earnings (Q2): $179.32 Mln. vs. $237.24 Mln. last year.
-EPS (Q2): $0.64 vs. $0.85 last year.
-Analyst Estimates: $0.86
-Revenue (Q2): $2.51 Bln vs. $2.30 Bln last year.

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