WR Berkley Q4 Adj EPS $1.45 Beats $1.38 Estimate, Sales $3.22B Beat $3.21B Estimate
Portfolio Pulse from Benzinga Newsdesk
WR Berkley (NYSE:WRB) reported Q4 adjusted earnings of $1.45 per share, surpassing the consensus estimate of $1.38, representing a 25% increase from the previous year. Sales reached $3.22B, slightly above the $3.21B estimate, marking a 6.87% year-over-year growth.
January 24, 2024 | 9:14 pm
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WR Berkley exceeded Q4 EPS estimates with $1.45 vs. $1.38 expected and reported sales of $3.22B, marginally beating the $3.21B forecast.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. The reported growth in earnings and sales indicates a strong financial performance, which is likely to be viewed favorably by investors and could lead to an increase in stock price.
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