WESTLAKE, Texas (AP) _ Goosehead Insurance Inc. (GSHD) on Wednesday reported third-quarter earnings of $2 million.
On a per-share basis, the Westlake, Texas-based company said it had net income of 9 cents. Earnings, adjusted for stock option expense, came to 24 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The insurance company posted revenue of $57.7 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $54 million.
Goosehead expects full-year revenue in the range of $194 million to $205 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a GSHD">Zacks stock report on GSHD at https://www.zacks.com/ap/GSHD