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Stock impact report

ORI Q4 Deep Dive: Expense Pressures and Reserve Actions Offset Revenue Growth [Yahoo! Finance]

Old Republic International Corporation (ORI) 
Last old republic international corporation earnings: 4/23 09:00 am Check Earnings Report
US:NYSE Investor Relations: ir.oldrepublic.com
Company Research Source: Yahoo! Finance
Its non-GAAP profit of $0.74 per share was 16.2% below analysts' consensus estimates. Is now the time to buy ORI? Find out in our full research report (it's free). Revenue: $2.36 billion vs analyst estimates of $2.32 billion (9.5% year-on-year growth, 1.6% beat) Adjusted EPS: $0.74 vs analyst expectations of $0.88 (16.2% miss) Adjusted Operating Income: $235.9 million vs analyst estimates of $281 million (10% margin, 16% miss) Market Capitalization: $9.52 billion Old Republic International's fourth quarter was marked by strong revenue growth but fell short of Wall Street's profitability expectations, leading to a significant negative market reaction. Management attributed the underperformance to higher loss ratios in commercial auto as well as increased expense ratios from ongoing investments in technology and new specialty operations. CEO Craig Smiddy described the company's response as “immediate and conservative,” highlighting swift adjustments to loss reserves and a fo Show less Read more
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