United Fire Group Inc. Earnings Drop 44% In Q3

(RTTNews) - United Fire Group Inc. (UFCS) announced a profit for third quarter that fell compared to the same period last year.

The company said its bottom line dropped to $10.68 million, or $0.41 per share. This was lower than $18.91 million, or $0.75 per share, in last year's third quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.4% to $289.49 million. This was up from $264.56 million last year.

United Fire Group Inc. earnings at a glance:

-Earnings (Q3): $10.68 Mln. vs. $18.91 Mln. last year. -Earnings Decline (Y-o-Y): -43.5% -EPS (Q3): $0.41 vs. $0.75 last year. -EPS Decline (Y-o-Y): -45.3% -Analysts Estimate: $0.44 -Revenue (Q3): $289.49 Mln vs. $264.56 Mln last year. -Revenue Change (Y-o-Y): 9.4%