ProAssurance Corp. Earnings Retreat 1% In Q3

(RTTNews) - ProAssurance Corp. (PRA) revealed a profit for third quarter that fell compared to the same period last year.

The company said its earnings dropped to $24.26 million, or $0.45 per share. This was lower than $24.44 million, or $0.46 per share, in last year's third quarter.

Analysts had expected the company to earn $0.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.8% to $228.46 million. This was up from $224.35 million last year.

ProAssurance Corp. earnings at a glance:

-Earnings (Q3): $24.26 Mln. vs. $24.44 Mln. last year. -Earnings Decline (Y-o-Y): -0.7% -EPS (Q3): $0.45 vs. $0.46 last year. -EPS Decline (Y-o-Y): -2.2% -Analysts Estimate: $0.39 -Revenue (Q3): $228.46 Mln vs. $224.35 Mln last year. -Revenue Change (Y-o-Y): 1.8%