LA JOLLA, Calif. (AP) — LA JOLLA, Calif. (AP) — Palomar Holdings Inc. (PLMR) on Monday reported second-quarter net income of $46.5 million.
On a per-share basis, the La Jolla, California-based company said it had net income of $1.68. Earnings, adjusted for one-time gains and costs, were $1.76 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.
The insurance holding company posted revenue of $203.3 million in the period. Its adjusted revenue was $195 million, which also topped Street forecasts. Six analysts surveyed by Zacks expected $186.2 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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