Mercury General Corp. Q4 Earnings Climb 11%

(RTTNews) - Mercury General Corp. (MCY) released a profit for its fourth quarter that gained ground compared to the same period last year.

The company said its bottom line came in at $31.92 million, or $0.58 per share. This was up from $28.74 million, or $0.52 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.2% to $737.60 million. This was down from $786.17 million last year.

Mercury General Corp. earnings at a glance:

-Earnings (Q4): $31.92 Mln. vs. $28.74 Mln. last year. -Earnings Growth (Y-o-Y): 11.1% -EPS (Q4): $0.58 vs. $0.52 last year. -EPS Growth (Y-o-Y): 11.5% -Analysts Estimate: $0.56 -Revenue (Q4): $737.60 Mln vs. $786.17 Mln last year. -Revenue Change (Y-o-Y): -6.2%