RenaissanceRe Holdings Q1 Adj $12.18 Beats $9.41 Estimate, Sales $2.60B Beat $2.59B Estimate
Portfolio Pulse from Benzinga Newsdesk
RenaissanceRe Holdings (NYSE:RNR) reported Q1 earnings of $12.18 per share, surpassing the $9.41 estimate, a 49.26% increase from last year. Sales reached $2.60B, slightly above the $2.59B estimate, marking a 17.87% increase from the previous year.
April 30, 2024 | 9:19 pm
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RenaissanceRe Holdings reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $12.18 against a $9.41 estimate and sales of $2.60B against a $2.59B estimate.
The significant beat on both earnings per share and sales estimates for Q1 indicates strong financial performance and operational efficiency, likely leading to positive investor sentiment and potential short-term stock price appreciation.
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