Erie Indemnity Co Q2 Income Advances

(RTTNews) - Erie Indemnity Co (ERIE) released a profit for its second quarter that increased from the same period last year.

The company's profit totaled $87.75 million, or $1.68 per share. This compares with $79.71 million, or $1.52 per share, in last year's second quarter.

Analysts had expected the company to earn $1.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.2% to $647.71 million from $621.46 million last year.

Erie Indemnity Co earnings at a glance:

-Earnings (Q2): $87.75 Mln. vs. $79.71 Mln. last year. -EPS (Q2): $1.68 vs. $1.52 last year. -Analysts Estimate: $1.67 -Revenue (Q2): $647.71 Mln vs. $621.46 Mln last year.