The Hanover Insurance Group Q3 Earnings Drop 94%

(RTTNews) - The Hanover Insurance Group (THG) released a profit for third quarter that dropped compared to the same period last year.

The company said its bottom line came in at $4.7 million, or $0.11 per share. This was down from $78.6 million, or $1.83 per share, in last year's third quarter.

Analysts had expected the company to earn -$0.69 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.6% to $1.32 billion. This was up from $1.25 billion last year.

The Hanover Insurance Group earnings at a glance:

-Earnings (Q3): $4.7 Mln. vs. $78.6 Mln. last year. -Earnings Decline (Y-o-Y): -94.0% -EPS (Q3): $0.11 vs. $1.83 last year. -EPS Decline (Y-o-Y): -94.0% -Analysts Estimate: -$0.69 -Revenue (Q3): $1.32 Bln vs. $1.25 Bln last year. -Revenue Change (Y-o-Y): 5.6%