Verisk: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 07:33 AM ET
Last Updated - Jun 21, 2023, 11:31 PM EDT
JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Verisk Analytics Inc. (VRSK) on Wednesday reported first-quarter net income of $56.3 million.
On a per-share basis, the Jersey City, New Jersey-based company said it had profit of 37 cents. Earnings, adjusted for one-time gains and costs, were $1.29 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The insurance data provider posted revenue of $651.6 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $631.9 million.
