Brown & Brown Inc. has reported a 29 percent gain in fourth-quarter net income. But the big gain was not reflected in the company’s stock, which closed at $32.75 a share, down $2.25.
Earnings for the fourth quarter climbed to $8.8 million, or 30 cents a share, compared with net income of $6.8 million, or 24 cents a share, in the same period 1999. Fourth-quarter revenue increased by 16 percent to $53.5 million from $46 million.
Topics Carriers Florida Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention 
Powerful El Niño Nears Record Strength, US Forecasters Say 
The Big Data/AI ‘Revolution’ Is Driving Up Verdicts, Settlements as Plaintiffs Buy In 
FBI Investigating Possible Exposure of Millions of American IDs 
