TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — BRP Group, Inc. (BRP) on Tuesday reported first-quarter net income of $21.6 million, after reporting a loss in the same period a year earlier.
The Tampa, Florida-based company said it had net income of 33 cents per share. Earnings, adjusted for one-time gains and costs, were 56 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The company posted revenue of $380.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $375.3 million.