Erie Indemnity Co Profit Advances In Q3, Beats Estimates

(RTTNews) - Erie Indemnity Co (ERIE) revealed earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $159.83 million, or $3.06 per share. This compares with $131.04 million, or $2.51 per share, in last year's third quarter.

Analysts on average had expected the company to earn $3.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.4% to $999.886 million from $858.938 million last year.

Erie Indemnity Co earnings at a glance (GAAP) :

-Earnings (Q3): $159.83 Mln. vs. $131.04 Mln. last year. -EPS (Q3): $3.06 vs. $2.51 last year. -Revenue (Q3): $999.886 Mln vs. $858.938 Mln last year.