Palomar Holdings, Inc. (PLMR) released earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $42.92 million, or $1.57 per share. This compares with $26.38 million, or $1.04 per share, last year.
Excluding items, Palomar Holdings, Inc. reported adjusted earnings of $51.31 million or $1.87 per share for the period.
Analysts on average had expected the company to earn $1.60 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 52.1% to $164.900 million from $108.394 million last year.
Palomar Holdings, Inc. earnings at a glance (GAAP) :
-Earnings: $42.92 Mln. vs. $26.38 Mln. last year.
-EPS: $1.57 vs. $1.04 last year.
-Revenue: $164.900 Mln vs. $108.394 Mln last year.
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