W. R. Berkley Corporation Q4 Profit Decreases, but beats estimates

(RTTNews) - W. R. Berkley Corporation (WRB) announced a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $294.43 million, or $1.59 per share. This compares with $312.15 million, or $1.67 per share, in last year's fourth quarter.

Excluding items, W. R. Berkley Corporation reported adjusted earnings of $284.32 million or $1.53 per share for the period.

Analysts on average had expected the company to earn $1.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.7% to $2.58 billion from $2.31 billion last year.

W. R. Berkley Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $294.43 Mln. vs. $312.15 Mln. last year. -EPS (Q4): $1.59 vs. $1.67 last year. -Analyst Estimates: $1.26 -Revenue (Q4): $2.58 Bln vs. $2.31 Bln last year.