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Crawford: 2Q Earnings Snapshot

August 6, 2018

PEACHTREE CORNERS, Ga. (AP) _ Crawford & Co. (CRD.A) on Monday reported a second-quarter loss of $2.4 million, after reporting a profit in the same period a year earlier.

The Peachtree Corners, Georgia-based company said it had a loss of 4 cents per share. Earnings, adjusted for non-recurring costs, came to 20 cents per share.

The provider of claims management services to insurance companies posted revenue of $293.2 million in the period. Its adjusted revenue was $279 million.

Crawford expects full-year earnings in the range of 78 cents to 88 cents per share, with revenue in the range of $1.07 billion to $1.12 billion.

Crawford shares have fallen almost 2 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.35, a rise of 12 percent in the last 12 months.


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

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