Brown & Brown Inc. (BRO) reported fourth quarter EPS of $0.17 Monday evening, down from $0.24 in the prior year period. The consensus estimate was for EPS of $0.22.
Brown & Brown Inc. steadily declined during the first 45 minutes of trade Tuesday and slipped further around mid-afternoon. Shares finished down by $1.14 at $16.56 on the highest volume of the year. The stock sank to an 11-month low.
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