Old Republic International Q1 Income Drops

(RTTNews) - Old Republic International (ORI) released a profit for first quarter that decreased from the same period last year.

The company's bottom line totaled $4.0 million, or $0.01 per share. This compares with $113.1 million, or $0.39 per share, in last year's first quarter.

Analysts had expected the company to earn $0.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.8% to $1.47 billion from $1.43 billion last year.

Old Republic International earnings at a glance:

-Earnings (Q1): $4.0 Mln. vs. $113.1 Mln. last year. -EPS (Q1): $0.01 vs. $0.39 last year. -Analysts Estimate: $0.41 -Revenue (Q1): $1.47 Bln vs. $1.43 Bln last year.