Soars on Q4 profit beat

Crawford & Co

26/02/2019 17:49

** Risk and claim management solutions provider's  CRDb.N 
shares up 7.2 pct at $10.19, on track for best day since July
18, 2016
    ** Co's Q4 adj EPS of 30 cents per share beat analysts' est
of 24 cents per share - Refinitiv EIKON data; co reported
results after market close on Monday  urn:newsml:reuters.com:*:nASB019AJ
    ** Q4 adj net income attributable to shareholders totaled
$17.3 million vs $16.8 million in the same period last year
    ** Q4 was driven by higher earnings in its third-party
application solutions, which offer services such as customized
claim, medical management, and disability and leave management
    ** Co expects operating earnings growth to accelerate in
2019: forecasts 2019 net attributable income of $46 mln-$51 mln,
versus est of $50.29 mln, according to Refinitiv EIKON data
    ** Expects consol EBITDA between $130 mln and $140 mln,
slightly higher than analysts' estimates of $129.3 mln
    ** All three analysts that cover the stock have "buy" or
higher rating on the stock
    ** As of Monday's close, shares of the company fell 0.31 pct
over the last 12 months

    

 (Reporting By Aparajita Saxena in Bengaluru)
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