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Goosehead: 2Q Earnings Snapshot

August 2, 2019

WESTLAKE, Texas (AP) _ Goosehead Insurance Inc. (GSHD) on Thursday reported second-quarter net income of $903,000, after reporting a loss in the same period a year earlier.

The Westlake, Texas-based company said it had profit of 6 cents per share. Earnings, adjusted for stock option expense, came to 7 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The insurance company posted revenue of $19.4 million in the period.

Goosehead expects full-year revenue in the range of $80 million to $85 million.

Goosehead shares have climbed 71% since the beginning of the year. The stock has climbed 66% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSHD at https://www.zacks.com/ap/GSHD

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