LA JOLLA, Calif. (AP) — LA JOLLA, Calif. (AP) — Palomar Holdings Inc. (PLMR) on Monday reported first-quarter net income of $42.9 million.
On a per-share basis, the La Jolla, California-based company said it had profit of $1.57. Earnings, adjusted for one-time gains and costs, came to $1.87 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The insurance holding company posted revenue of $174.6 million in the period. Its adjusted revenue was $177 million, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $171.8 million.
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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 PLMR at https://www.zacks.com/ap/PLMR
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