RLI Q3 2024 Adj. EPS $1.31 Beats $0.98 Estimate, Sales $401.544M Beat $389.487M Estimate
Portfolio Pulse from Benzinga Newsdesk
RLI Corporation reported strong Q3 2024 results, with adjusted EPS of $1.31 beating estimates by 33.67% and sales of $401.544M surpassing expectations by 3.10%. This marks significant growth compared to the same period last year.
October 21, 2024 | 8:12 pm
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POSITIVE IMPACT
RLI Corporation's Q3 2024 earnings and sales significantly exceeded analyst expectations, with EPS up 114.75% and sales up 19.96% year-over-year. This strong performance is likely to positively impact the stock price in the short term.
RLI's earnings per share and sales both exceeded analyst estimates by significant margins, indicating strong financial performance. The year-over-year growth in both metrics further supports a positive outlook for the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100