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JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Verisk Analytics Inc. (VRSK) on Wednesday reported fourth-quarter profit of $174 million.
The Jersey City, New Jersey-based company said it had profit of $1.20 per share. Earnings, adjusted for amortization costs and to account for discontinued operations, were $1.40 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.
The insurance data provider posted revenue of $677.2 million in the period, beating Street forecasts. Eight analysts surveyed by Zacks expected $670.2 million.
For the year, the company reported profit of $614.6 million, or $4.17 per share. Revenue was reported as $2.68 billion.
Verisk expects full-year earnings in the range of $6.30 to $6.60 per share, with revenue in the range of $2.84 billion to $2.9 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRSK at https://www.zacks.com/ap/VRSK