Brown & Brown Inc. Announces Rise In Q3 Profit

(RTTNews) - Brown & Brown Inc. (BRO) reported a profit for its third quarter that rose from last year.

The company's earnings came in at $106.1 million, or $0.38 per share. This compares with $75.9 million, or $0.27 per share, in last year's third quarter.

Analysts had expected the company to earn $0.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.6% to $530.9 million from $475.6 million last year.

Brown & Brown Inc. earnings at a glance:

-Earnings (Q3): $106.1 Mln. vs. $75.9 Mln. last year. -EPS (Q3): $0.38 vs. $0.27 last year. -Analysts Estimate: $0.34 -Revenue (Q3): $530.9 Mln vs. $475.6 Mln last year.