Platinum Underwriters Holdings Ltd. (PTP) Wednesday reported first-quarter net income of $86.5 million or $2.63 per share, up from $53.3 million or $1.49 per share last year.
Total revenues for the period dropped to $159.7 million from $187.6 million last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.38 per share on revenues of $159.07 million for the quarter. Analysts' estimates typically exclude special items.
For comments and feedback: editorial@rttnews.com