W.R. Berkley's (WRB) profit climbed in the second quarter, topping analysts' expectations.
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Earnings and Revenue
The company experienced stronger-than-expected EPS and revenues. The company reported EPS of 76 cents a share versus the 63 cents a share estimate and revenues of $1.42 billion versus the $1.36 billion estimate. The company's reported EPS came in above the high estimate of 12 analysts of a profit of 69 cents.
The company's net income for the quarter was $108.8 million. According to the reported number, this is up 32.4% from last year's levels. Revenue climbed 11.4% from $1.27 billion in the same period last year.
Company Fundamental Trends
The company's revenue has grown during at least each of the past four quarters on a year-over-year basis.
History Against Expectations
The company has now topped analyst estimates for at least the last four quarters. It beat by 6 cents in the first quarter, 10 cents in the fourth quarter of the last fiscal year and 5 cents in the third quarter of the last fiscal year.
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.