Erie Indemnity Co Bottom Line Rises 16% In Q3

(RTTNews) - Erie Indemnity Co (ERIE) announced earnings for its third quarter that climbed from last year.

The company said its bottom line came in at $57.38 million, or $1.09 per share. This was higher than $49.56 million, or $0.94 per share, in last year's third quarter.

Analysts had expected the company to earn $1.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.5% to $418.41 million. This was up from $396.64 million last year.

Erie Indemnity Co earnings at a glance:

-Earnings (Q3): $57.38 Mln. vs. $49.56 Mln. last year. -Earnings Growth (Y-o-Y): 15.8% -EPS (Q3): $1.09 vs. $0.94 last year. -EPS Growth (Y-o-Y): 16.0% -Analysts Estimate: $1.02 -Revenue (Q3): $418.41 Mln vs. $396.64 Mln last year. -Revenue Change (Y-o-Y): 5.5%