Falls after trimming Q4 profit forecast on lower claims volume

Crawford & Co

27/01/2020 17:29

Jan 27 (Reuters) - ** Risk and claim management solutions
provider's shares  CRDb.N  fall 11.8% to $8.48 after Q4 earnings
forecast cut
    ** Cites lower overall claims volume, driven by significant
drop in global catastrophe-related losses and fewer new clients 
    ** Trims 2019 adj. profit per class A share to between 67
cents and 72 cents from prior forecast of 80-85 cents
 urn:newsml:reuters.com:*:nGNX2wZ8ZB
    ** Expects non-cash goodwill impairment charge between 24-32
cents per share related to its Crawford Claims Solutions segment
    ** Including session's loss, stock down 10.7% in the past 12
months

 (Reporting by Seerat Gupta)
 ((Seerat.Gupta@thomsonreuters.com;))