Old Republic International Corp. (ORI) reported a fourth quarter operating loss of $41.2 million or $0.17 per share, compared to an operating loss of $73.1 million or $0.31 per share in the same quarter last year. On average, Five analysts polled by Thomson Reuters expected the company to report a loss of $0.25 per share. Analysts' estimates typically exclude special items.
The company's net loss for the quarter narrowed to $36.7 million or $0.15 per share, from $126.5 million or $0.54 per share in the year-ago quarter.
Quarterly revenues increased 7.3% to $965.2 million, from $899.7 million in the same quarter previous year. Analysts had a consensus revenues estimate of $934.7 million.
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