Verisk: 2Q Earnings Snapshot
JERSEY CITY, N.J. (AP) _ Verisk Analytics Inc. (VRSK) on Tuesday reported second-quarter earnings of $153.5 million.
The Jersey City, New Jersey-based company said it had net income of 91 cents per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.06 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The insurance data provider posted revenue of $601.3 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $586.2 million.
Verisk shares have risen 15 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $110.62, an increase of 27 percent in the last 12 months.