Old Republic International Corp. (ORI) said its third-quarter net loss narrowed to $46.2 million or $0.20 per share from $48 million or $0.21 per share in the prior year. Net operating loss for the quarter widened to $66.1 million or $0.28 per share from $45.3 million or $0.20 per share in the previous year. On average, 5 analysts polled by Thomson Reuters expected loss per share of $0.17 for the quarter. Analysts' estimate typically excludes one-time items.
Operating revenues for the third quarter rose 2.4% to $958.6 million from $936.3 million in the comparable period. Two analysts estimated revenues of $909.70 million for the quarter.
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