Mercury General Corp. Profit Drops In Q4

(RTTNews) - Mercury General Corp. (MCY) revealed earnings for fourth quarter that lost ground compared to the same period last year.

The company said its profit totaled $8.52 million, or $0.15 per share. This was lower than $31.92 million, or $0.58 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.2% to $857.25 million. This was up from $737.60 million last year.

Mercury General Corp. earnings at a glance:

-Earnings (Q4): $8.52 Mln. vs. $31.92 Mln. last year. -Earnings Decline (Y-o-Y): -73.3% -EPS (Q4): $0.15 vs. $0.58 last year. -EPS Decline (Y-o-Y): -74.1% -Analysts Estimate: $0.34 -Revenue (Q4): $857.25 Mln vs. $737.60 Mln last year. -Revenue Change (Y-o-Y): 16.2%