AmTrust Financial Services Earnings: Here’s Why Investors are Happy Now
AmTrust Financial Services, Inc. (NASDAQ:AFSI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.43%.
AmTrust Financial Services, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 30.3% to $0.86 in the quarter versus EPS of $0.66 in the year-earlier quarter.
Revenue: Rose 66.39% to $716.49 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: AmTrust Financial Services, Inc. reported adjusted EPS income of $0.86 per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $465.58 million.
Key Stats (on next page)…