United Fire Group Inc. Q2 adjusted earnings Miss Estimates

(RTTNews) - United Fire Group Inc. (UFCS) revealed earnings for second quarter that dropped from last year.

The company's profit came in at $0.16 million, or $0.01 per share. This compares with $2.96 million, or $0.12 per share, in last year's second quarter.

Excluding items, United Fire Group Inc. reported adjusted earnings of -$0.87 million or -$0.03 per share for the period.

Analysts had expected the company to earn $0.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.0% to $275.40 million from $286.98 million last year.

United Fire Group Inc. earnings at a glance:

-Earnings (Q2): -$0.87 Mln. vs. $1.22 Mln. last year. -EPS (Q2): -$0.03 vs. $0.05 last year. -Analysts Estimate: $0.22 -Revenue (Q2): $275.40 Mln vs. $286.98 Mln last year.