21.02.2024 14:33:10 - dpa-AFX: Verisk Guides FY24 Adj. EPS Below View As Q4 Adj. EPS Misses Estimates; Boosts Dividend 15%

WASHINGTON (dpa-AFX) - Verisk Analytics, Inc. (VRSK), a data analytics and
technology provider, reported Wednesday that net income attributable to Verisk
for the fourth quarter was $174.0 million or $1.20 per share, compared to $61.1
million or $0.39 per share in the prior-year quarter.

Income from continuing operations decreased to $1.25 per share from $1.37 per
share last year. Excluding items, adjusted earnings from continuing operations
for the quarter were $1.40 per share, compared to $1.43 per share in the
year-ago quarter.

Revenues for the quarter grew 7.4 percent to $677.2 million from $630.4 million
in the same quarter last year. It was also up 6.0 percent on an organic constant
currency basis.

On average, analysts polled by Thomson Reuters expected the company to report
earnings of $1.44 per share on revenues of $672.19 million for the quarter.
Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects adjusted earnings in a
range of $6.30 to $6.60 per share, on revenues between $2.84 billion and $2.90
billion.

The Street is currently looking for earnings of $6.61 per share on revenues of
$2.87 billion for the year.

Last week, the company's Board of Directors approved a 15 percent higher cash
dividend of 39 cents per share of common stock issued and outstanding, payable
on March 29, 2024, to holders of record as of March 15, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit
rttnews.com



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Verisk Analytics A0YA2M NASDAQ 237,330 03.05.24 23:03:42 +3,570 +1,53% 237,090 237,390 234,270 237,330

© 2000-2024 DZ BANK AG. Bitte beachten Sie die Nutzungsbedingungen | Impressum
2024 Infront Financial Technology GmbH