HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Everest Group, Ltd. (EG) on Wednesday reported first-quarter net income of $210 million.
The Hamilton, Bermuda-based company said it had profit of $4.90 per share. Earnings, adjusted for non-recurring costs and investment costs, came to $6.45 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $7.46 per share.
The reinsurance company posted revenue of $4.26 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $4.47 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 EG at https://www.zacks.com/ap/EG
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