Erie Indemnity Co Profit Climbs 19% In Q4

(RTTNews) - Erie Indemnity Co (ERIE) revealed earnings for its fourth quarter that advanced compared to the same period last year.

The company said its bottom line came in at $30.13 million, or $0.57 per share. This was higher than $25.30 million, or $0.48 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.7% to $356.38 million. This was up from $337.26 million last year.

Erie Indemnity Co earnings at a glance:

-Earnings (Q4): $30.13 Mln. vs. $25.30 Mln. last year. -Earnings Growth (Y-o-Y): 19.1% -EPS (Q4): $0.57 vs. $0.48 last year. -EPS Growth (Y-o-Y): 18.8% -Analysts Estimate: $0.65 -Revenue (Q4): $356.38 Mln vs. $337.26 Mln last year. -Revenue Change (Y-o-Y): 5.7%