W. R. Berkley Corporation Q3 Profit Increases, beats estimates

(RTTNews) - W. R. Berkley Corporation (WRB) revealed a profit for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $333.59 million, or $1.23 per share. This compares with $228.88 million, or $0.82 per share, in last year's third quarter.

Excluding items, W. R. Berkley Corporation reported adjusted earnings of $366.61 million or $1.35 per share for the period.

Analysts on average had expected the company to earn $1.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.4% to $3.03 billion from $2.72 billion last year.

W. R. Berkley Corporation earnings at a glance (GAAP) :

-Earnings (Q3): $333.59 Mln. vs. $228.88 Mln. last year. -EPS (Q3): $1.23 vs. $0.82 last year. -Analyst Estimate: $1.18 -Revenue (Q3): $3.03 Bln vs. $2.72 Bln last year.