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VRSK — Verisk Analytics News Story

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Verisk drops after co cuts revenue forecast below Wall Street estimates

** Shares of data analytics firm Verisk Analytics VRSK.O fall 8.7% to $212.01 premarket

** VRSK lowers FY revenue guidance to $3.05 to $3.08 bln vs analysts' avg estimate of $3.12 bln - data compiled by LSEG

** Demand for catastrophe risk models hit by historically low severe weather events; CFO says growth impacted by ~1%

** Adj. EPS at $1.72, above $1.67 a year earlier; net income at $240.9 mln

** Co says it is leveraging AI to enhance underwriting and claims insights

** VRSK down 15.7% YTD, underperforming S&P 500's .SPX 17.2% gain - data compiled by LSEG

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))

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