Erie Indemnity Co Announces 9% Advance In Q3 Profit

(RTTNews) - Erie Indemnity Co (ERIE) reported a profit for its third quarter that gained ground from last year.

The company said its bottom line totaled $51 million, or $0.95 per share. This was up from $47 million, or $0.90 per share, in last year's third quarter.

Analysts had expected the company to earn $0.93 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.6% to $1.35 billion. This was down from $1.43 billion last year.

Erie Indemnity Co earnings at a glance:

-Earnings (Q3): $51 Mln. vs. $47 Mln. last year. -Earnings Growth (Y-o-Y): 8.5% -EPS (Q3): $0.95 vs. $0.90 last year. -EPS Growth (Y-o-Y): 5.6% -Analysts Estimate: $0.93 -Revenue (Q3): $1.35 Bln vs. $1.43 Bln last year. -Revenue Change (Y-o-Y): -5.6%