RLI Q2 Adj EPS $1.16 Misses $1.19 Estimate, Sales $419.54M Beat $372.65M Estimate
Portfolio Pulse from vinayak@benzinga.com
RLI Corp (NYSE:RLI) reported Q2 earnings of $1.16 per share, missing the analyst consensus estimate of $1.19 by 2.52%. This is a 22.15% decrease from the same period last year. However, the company's quarterly sales of $419.54 million beat the analyst consensus estimate of $372.65 million by 12.58%, marking a 25.49% increase from the same period last year.
July 24, 2023 | 8:20 pm
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RLI Corp's Q2 earnings per share missed estimates, but sales beat expectations. This mixed result could lead to uncertainty in the market.
RLI Corp's earnings per share missed the analyst consensus, which could negatively impact the stock. However, the company's sales beat estimates, which could have a positive effect. The mixed results could lead to uncertainty and volatility in the stock's price in the short term.
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