JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Verisk Analytics Inc. (VRSK) on Wednesday reported first-quarter net income of $232.3 million.
On a per-share basis, the Jersey City, New Jersey-based company said it had net income of $1.65. Earnings, adjusted for one-time gains and costs, came to $1.73 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The insurance data provider posted revenue of $753 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $750 million.
Verisk expects full-year earnings in the range of $6.80 to $7.10 per share, with revenue in the range of $3.03 billion to $3.08 billion.
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