Verisk: 4Q Earnings Snapshot
JERSEY CITY, N.J. (AP) _ Verisk Analytics Inc. (VRSK) on Tuesday reported fourth-quarter earnings of $146.2 million.
The Jersey City, New Jersey-based company said it had net income of 87 cents per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.04 per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The insurance data provider posted revenue of $613.9 million in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $609.3 million.
For the year, the company reported profit of $598.7 million, or $3.56 per share. Revenue was reported as $2.4 billion.
Verisk shares have increased 14 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $124.43, a climb of 26 percent in the last 12 months.