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LA JOLLA, Calif. (AP) — LA JOLLA, Calif. (AP) — Palomar Holdings Inc. (PLMR) on Wednesday reported first-quarter net income of $17.3 million.
On a per-share basis, the La Jolla, California-based company said it had profit of 68 cents. Earnings, adjusted for non-recurring costs, were 80 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The insurance holding company posted revenue of $89.2 million in the period. Its adjusted revenue was $89.1 million, missing Street forecasts. Six analysts surveyed by Zacks expected $91.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a PLMR">Zacks stock report on PLMR at https://www.zacks.com/ap/PLMR