Brown & Brown Inc. Q4 adjusted earnings Inline With Estimates

(RTTNews) - Brown & Brown Inc. (BRO) announced a profit for fourth quarter that decreased from the same period last year.

The company's profit totaled $73.5 million, or $0.26 per share. This compares with $187.5 million, or $0.66 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.3% to $508.7 million from $474.3 million last year.

Brown & Brown Inc. earnings at a glance:

-EPS (Q4): $0.27 vs. $0.24 last year. -Analysts Estimate: $0.27 -Revenue (Q4): $508.7 Mln vs. $474.3 Mln last year.