SAINT PETERSBURG, Fla. (AP) _ United Insurance Holdings Corp. (UIHC) on Wednesday reported third-quarter profit of $8.1 million.
On a per-share basis, the Saint Petersburg, Florida-based company said it had net income of 38 cents. Earnings, adjusted for non-recurring costs, were 45 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The property and casualty insurance company posted revenue of $89.5 million in the period.
United Insurance shares have fallen 29 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.58, a fall of 17 percent in the last 12 months.
This story was generated by Automated Insights (http://ift.tt/1nCTSu9) using data from Zacks Investment Research. Access a Zacks stock report on UIHC at http://ift.tt/1LE3i3n
Keywords: United Insurance Holdings, Earnings Report
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