Mercury General Corp. Q1 Profit Climbs 57%

(RTTNews) - Mercury General Corp. (MCY) released earnings for its first quarter that gained ground from last year.

The company said its bottom line totaled $11.08 million, or $0.20 per share. This was higher than $7.04 million, or $0.13 per share, in last year's first quarter.

Analysts had expected the company to earn $0.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.9% to $847.50 million. This was up from $823.92 million last year.

Mercury General Corp. earnings at a glance:

-Earnings (Q1): $11.08 Mln. vs. $7.04 Mln. last year. -Earnings Growth (Y-o-Y): 57.4% -EPS (Q1): $0.20 vs. $0.13 last year. -EPS Growth (Y-o-Y): 53.8% -Analysts Estimate: $0.57 -Revenue (Q1): $847.50 Mln vs. $823.92 Mln last year. -Revenue Change (Y-o-Y): 2.9%