Safety Insurance Group Inc (SAFT) revealed earnings for its third quarter that increased from the same period last year but missed the Street estimates.
The company's earnings totaled $25.89 million, or $1.73 per share. This compares with $1.95 million, or $0.13 per share, in last year's third quarter.
Excluding items, Safety Insurance Group Inc reported adjusted earnings of $16.52 million or $1.10 per share for the period.
Analysts on average had expected the company to earn $1.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 28.7% to $295.28 million from $229.36 million last year.
Safety Insurance Group Inc earnings at a glance (GAAP) :
-Earnings (Q3): $25.89 Mln. vs. $1.95 Mln. last year.
-EPS (Q3): $1.73 vs. $0.13 last year.
-Revenue (Q3): $295.28 Mln vs. $229.36 Mln last year.
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