Erie Indemnity (ERIE) Tops Q1 EPS by 2c
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Erie Indemnity Reports First Quarter 2016 Results
April 28, 2016 4:28 PM EDTERIE, Pa., April 28, 2016 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter ending March 31, 2016. Net income was $45.9 million, or $0.87 per diluted share, in the first quarter of 2016, compared to $38.8 million, or $0.74 per diluted share, in the first quarter of 2015. The growth in the first quarter of 2016 was driven by increased net revenue from operations.
"Strong topline growth together with prudent expense management resulted in solid earnings per share for the quarter," said Terry Cavanaugh, President and... More
