Brown & Brown Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Brown & Brown Inc. (BRO) released a profit for its first quarter that increased from last year.

The company's profit came in at $90.8 million, or $0.32 per share. This compares with $70.1 million, or $0.25 per share, in last year's first quarter.

Analysts had expected the company to earn $0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.8% to $501.5 million from $465.1 million last year.

Brown & Brown Inc. earnings at a glance:

-EPS (Q1): $0.33 vs. $0.22 last year. -Analysts Estimate: $0.32 -Revenue (Q1): $501.5 Mln vs. $465.1 Mln last year.