Erie Indemnity Co Reveals Fall In Q2 Earnings

(RTTNews) - Erie Indemnity Co (ERIE) reported a profit for second quarter that declined from last year.

The company's profit totaled $79.03 million, or $1.51 per share. This compares with $81.98 million, or $1.57 per share, in last year's second quarter.

Analysts had expected the company to earn $1.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.5% to $680.03 million from $657.02 million last year.

Erie Indemnity Co earnings at a glance:

-Earnings (Q2): $79.03 Mln. vs. $81.98 Mln. last year. -EPS (Q2): $1.51 vs. $1.57 last year. -Analysts Estimate: $1.48 -Revenue (Q2): $680.03 Mln vs. $657.02 Mln last year.