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Old Republic International Q2 Profit Increases, Beats Estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Old Republic International (ORI) revealed earnings for its second quarter that Increased from the same period last year and beat the Street estimates.

The company's earnings totaled $204.4 million, or $0.81 per share. This compares with $91.8 million, or $0.35 per share, last year.

Excluding items, Old Republic International reported adjusted earnings of $209.2 million or $0.83 per share for the period.

Analysts on average had expected the company to earn $0.81 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.1% to $2.215 billion from $2.012 billion last year.

Old Republic International earnings at a glance (GAAP) :

-Earnings: $204.4 Mln. vs. $91.8 Mln. last year.
-EPS: $0.81 vs. $0.35 last year.
-Revenue: $2.215 Bln vs. $2.012 Bln last year.

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