TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Thursday reported third-quarter profit of $65.5 million.
On a per-share basis, the Tampa, Florida-based company said it had net income of $4.90.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share.
The property and casualty insurance holding company posted revenue of $216.4 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $224.9 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 HCI at https://www.zacks.com/ap/HCI
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