JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Verisk Analytics Inc. (VRSK) on Wednesday reported first-quarter profit of $219.6 million.
On a per-share basis, the Jersey City, New Jersey-based company said it had profit of $1.52. Earnings, adjusted for one-time gains and costs, came to $1.63 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The insurance data provider posted revenue of $704 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $699.9 million.
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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