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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.
Verisk expects full-year earnings in the range of $5.20 to $5.50 per share, with revenue in the range of $2.59 billion to $2.63 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a VRSK">Zacks stock report on VRSK at https://www.zacks.com/ap/VRSK