Insurance Acquisition: 3Q Earnings Snapshot
Posted Nov 12, 2020 05:35:50 PM.
Last Updated Nov 12, 2020 05:46:40 PM.
PHILADELPHIA (AP) _ Insurance Acquisition Corp. (SFT) on Thursday reported a loss of $23.3 million in its third quarter.
The Philadelphia-based company said it had a loss of 64 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
The company posted revenue of $59.9 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $57.9 million.
Insurance Acquisition shares have decreased 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.89, decreasing slightly in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SFT at https://www.zacks.com/ap/SFT
The Associated Press
