Platinum Underwriters Holdings Ltd. (PTP) reported second-quarter net income of $67.5 million or $1.97 per share, compared to a net loss of $20.4 million or $0.55 per share last year.
On average, seven analysts polled by Thomson Reuters expected the company to earn $1.14 per share for the quarter. Analysts' estimates typically exclude one-time items.
Total revenue for the quarter declined to $194.90 million from $199.99 million in the comparable quarter last year, while two analysts were looking for revenue of $156.81 million for the quarter.
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