Brown & Brown (BRO) Tops Q3 EPS by 3c
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Brown & Brown, Inc. Announces Quarterly Revenues of $462.3 Million, an Increase of 7.0%; and Earnings per Share of $0.50, an Increase of 6.4%
October 20, 2016 5:42 PM EDTDAYTONA BEACH, FL -- (Marketwired) -- 10/20/16 -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the third quarter of 2016.
Revenues for the third quarter of 2016 under U.S. generally accepted accounting principles ("GAAP") were $462.3 million, increasing $30.1 million, or 7.0%, as compared to the third quarter of the prior year, with Organic Revenue (as defined below) increasing by 4.3%. Net income was $71.4 million, increasing by 5.8%, and diluted earnings per share were $0.50, increasing by 6.4%, as compared to the third quarter of the prior year. Excluding the impact of changes in acquisition... More
