Everest Group: Q3 Earnings Snapshot

HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Everest Group, Ltd. (EG) on Monday reported third-quarter earnings of $255 million.

The Hamilton, Bermuda-based company said it had profit of $6.09 per share. Earnings, adjusted for non-recurring costs, came to $7.54 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $13.39 per share.

The reinsurance company posted revenue of $4.32 billion in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $4.45 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EG at https://www.zacks.com/ap/EG

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