RLI Corp (RLI) revealed a profit for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $82 million, or $1.78 per share. This compares with $78 million, or $1.69 per share, in last year's second quarter.
Analysts on average had expected the company to earn $1.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.0% to $416.4 million from $381.9 million last year.
RLI Corp earnings at a glance (GAAP) :
-Earnings (Q2): $82 Mln. vs. $78 Mln. last year.
-EPS (Q2): $1.78 vs. $1.69 last year.
-Revenue (Q2): $416.4 Mln vs. $381.9 Mln last year.
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