Erie Indemnity Co Reports 18% Rise In Q1 Earnings

(RTTNews) - Erie Indemnity Co (ERIE) revealed earnings for its first quarter that rose compared to the same period last year.

The company said its bottom line totaled $45.90 million, or $0.87 per share. This was up from $38.83 million, or $0.74 per share, in last year's first quarter.

Analysts had expected the company to earn $0.87 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.8% to $374.73 million. This was up from $350.83 million last year.

Erie Indemnity Co earnings at a glance:

-Earnings (Q1): $45.90 Mln. vs. $38.83 Mln. last year. -Earnings Growth (Y-o-Y): 18.2% -EPS (Q1): $0.87 vs. $0.74 last year. -EPS Growth (Y-o-Y): 17.6% -Analysts Estimate: $0.87 -Revenue (Q1): $374.73 Mln vs. $350.83 Mln last year. -Revenue Change (Y-o-Y): 6.8%