Primerica, Inc. Q3 Profit Decreases, but beats estimates

(RTTNews) - Primerica, Inc. (PRI) revealed a profit for third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $51.81 million, or $1.37 per share. This compares with $112.46 million, or $2.82 per share, in last year's third quarter.

Excluding items, Primerica, Inc. reported adjusted earnings of $113.93 million or $3.02 per share for the period.

Analysts on average had expected the company to earn $2.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.9% to $673.29 million from $693.24 million last year.

Primerica, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $51.81 Mln. vs. $112.46 Mln. last year. -EPS (Q3): $1.37 vs. $2.82 last year. -Analyst Estimates: $2.94 -Revenue (Q3): $673.29 Mln vs. $693.24 Mln last year.