Thursday, March 4, 2021 5:22 PM EST
By The Associated Press
PEACHTREE CORNERS, Ga. (AP) _ Crawford & Company B (CRD.B) on Thursday reported fourth-quarter net income of $9.4 million, after reporting a loss in the same period a year earlier.
The Peachtree Corners, Georgia-based company said it had net income of 18 cents per share. Earnings, adjusted for non-recurring costs, came to 23 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The company posted revenue of $265.6 million in the period. Its adjusted revenue was $257.4 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $243.4 million.
For the year, the company reported profit of $28.3 million, or 52 cents per share. Revenue was reported as $982.5 million.
Crawford & Company B shares have risen 30% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.33, a climb of 36% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRD.B at https://www.zacks.com/ap/CRD.B