Mercury General Corp. Reports 11% Drop In Q3 Bottom Line

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

The company said its earnings declined to $33.02 million, or $0.60 per share. This was lower than $36.98 million, or $0.67 per share, in last year's third quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Mercury General Corp. earnings at a glance:

-Earnings (Q3): $33.02 Mln. vs. $36.98 Mln. last year. -Earnings Decline (Y-o-Y): -10.7% -EPS (Q3): $0.60 vs. $0.67 last year. -EPS Decline (Y-o-Y): -10.4% -Analysts Estimate: $0.37