Universal Insurance Holdings Inc (UVE) revealed a profit for fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $6.02 million, or $0.21 per share. This compares with $20.00 million, or $0.68 per share, last year.
Excluding items, Universal Insurance Holdings Inc reported adjusted earnings of $7.23 million or $0.25 per share for the period.
Analysts on average had expected the company to earn $0.09 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.5% to $384.81 million from $375.46 million last year.
Universal Insurance Holdings Inc earnings at a glance (GAAP) :
-Earnings: $6.02 Mln. vs. $20.00 Mln. last year.
-EPS: $0.21 vs. $0.68 last year.
-Revenue: $384.81 Mln vs. $375.46 Mln last year.
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