Mercury General Corp. Q3 adjusted earnings Beat Estimates

(RTTNews) - Mercury General Corp. (MCY) released earnings for its third quarter that increased from last year.

The company's profit totaled $58.58 million, or $1.06 per share. This compares with $46.49 million, or $0.84 per share, in last year's third quarter.

Excluding items, Mercury General Corp. reported adjusted earnings of $61.67 million or $1.11 per share for the period.

Analysts had expected the company to earn $0.73 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 $894.81 million from $858.36 million last year.

Mercury General Corp. earnings at a glance:

-Earnings (Q3): $61.67 Mln. vs. $33.02 Mln. last year. -EPS (Q3): $1.11 vs. $0.60 last year. -Analysts Estimate: $0.73 -Revenue (Q3): $894.81 Mln vs. $858.36 Mln last year.