Erie Indemnity Reports Full Year and Fourth Quarter 2019 Results
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Erie Indemnity (ERIE) Misses Q4 EPS by 15c, Revenues Miss
February 27, 2020 4:44 PM ESTErie Indemnity (NASDAQ: ERIE) reported Q4 EPS of $1.14, $0.15 worse than the analyst estimate of $1.29. Revenue for the quarter came in at $596.74 million versus the consensus estimate of $601.17 million.
Operating income before taxes decreased $6.1 million, or 8.1 percent, in the fourth quarter of 2019 compared to the fourth quarter of 2018.
Management fee revenue - policy issuance and renewal services increased $16.9 million, or 4.1 percent, in the fourth quarter of 2019 compared to the fourth quarter of... More