HCI Group Inc. (HCI) revealed earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $2.58 million, or $0.23 per share. This compares with $38.10 million, or $3.40 per share, last year.
Excluding items, HCI Group Inc. reported adjusted earnings of $5.02 million or $0.31 per share for the period.
Analysts on average had expected the company to earn -$2.41 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 0.5% to $161.88 million from $162.67 million last year.
HCI Group Inc. earnings at a glance (GAAP) :
-Earnings: $2.58 Mln. vs. $38.10 Mln. last year.
-EPS: $0.23 vs. $3.40 last year.
-Revenue: $161.88 Mln vs. $162.67 Mln last year.
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