8/103 sources · 3 publishersUpdated Oct 19, 21:32 UTC
W.R. Berkley reports Q3 revenue miss, shares slide
+1 new source since this summary was written
W.R. Berkley Corp posted adjusted earnings per share of $1.17 for the third quarter, beating the $1.15 consensus. Revenue came in at $3.74 billion, below the $3.82 billion estimate, a 1.8% year‑over‑year increase. Net income fell to $446.0 million and the combined ratio improved to 90.8%. The miss in sales caused the stock to drop about 3.4% in after‑hours trading.
Why it matters
The revenue shortfall may pressure analysts’ expectations for future quarters and could influence the company’s guidance. The share decline reflects investor reaction to the top‑line miss.
Key facts
- 1Adjusted EPS was $1.17, topping the $1.15 consensus. investing.com
- 2Revenue was $3.74 billion, missing the $3.82 billion estimate. investing.com
- 3Revenue grew 1.8% year‑over‑year from $3.16 billion in the prior‑year quarter. investing.com
- 4Net income was $446.0 million, or $1.14 per diluted share. investing.com
- 5Combined ratio was 90.8%, improving from 90.9% a year earlier. investing.com
- 6Gross premiums written increased 3.0% to $3.95 billion. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.