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Stock impact report

Old Republic surges 6.7% after Q3 EPS beats consensus [Seeking Alpha]

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: Seeking Alpha
Old Republic International (NYSE: ORI )   after posting Q3 EPS of 92 cents, up from 17 cents in the year-ago quarter. The company says two factors impact the comparability of earnings--tax reform and a new accounting standard that requires the inclusion of unrealized investment gains or losses from changes in the fair value of equity. Excluding the unrealized investment gains/losses, Q3 EPS would have been 56 cents, up from 9 cents in Q3 2017. Consensus estimate is 47 cents. Q3 effective income tax rate on net income was 17.9% vs. 22.6% in the year-ago quarter. Q3 General Insurance  net premiums earned rose 5.0% to $841.5M Y/Y. Q3 Title Insurance net premiums and fees earned increased 7.4% to $640.7M Y/Y. Previously: Old Republic beats by $0.45, beats on revenue (Oct. 25) See all stocks on the move » Now read: CoreLogic, INC. 2018 Q3 - Results - Earnings Call Slides » Subscribe for full text news in your inbox Show less Read more
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