Mercury General Corp. Q3 Profit Advances 14%

(RTTNews) - Mercury General Corp. (MCY) released earnings for its third quarter that increased compared to the same period last year.

The company said its bottom line totaled $36.98 million, or $0.67 per share. This was higher than $32.36 million, or $0.59 per share, in last year's third quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.4% to $808.16 million. This was up from $752.41 million last year.

Mercury General Corp. earnings at a glance:

-Earnings (Q3): $36.98 Mln. vs. $32.36 Mln. last year. -Earnings Growth (Y-o-Y): 14.3% -EPS (Q3): $0.67 vs. $0.59 last year. -EPS Growth (Y-o-Y): 13.6% -Analysts Estimate: $0.55 -Revenue (Q3): $808.16 Mln vs. $752.41 Mln last year. -Revenue Change (Y-o-Y): 7.4%