JAMES RIVER GROUP INC (JRVR) reported a profit for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $7.61 million, or $0.18 per share. This compares with $12.78 million, or $0.53 per share, last year.
Excluding items, JAMES RIVER GROUP INC reported adjusted earnings of $9.10 million or $0.19 per share for the period.
Analysts on average had expected the company to earn $0.29 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 14.3% to $172.289 million from $201.127 million last year.
JAMES RIVER GROUP INC earnings at a glance (GAAP) :
-Earnings: $7.61 Mln. vs. $12.78 Mln. last year.-EPS: $0.18 vs. $0.53 last year.-Revenue: $172.289 Mln vs. $201.127 Mln last year.
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