Verisk Earnings Miss, Revenue Beats In Q1
2022.05.04 00:32
Verisk Earnings Miss, Revenue Beats In Q1
By Yasin Ebrahim
Investing.com – Verisk (NASDAQ:VRSK) reported on mixed first-quarter results Tuesday as earnings missed, but revenue topped expectations.
Verisk shares lost 3.56% in after-hours trade following the report.
Verisk announced earnings per share of $1.34 on revenue of $775.5 million. Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $773.91 million.
The beat on top line was driven by a $450.8 million gain from the sale of the company’s environmental health and safety business, though partially offset by the $73.7 million long-lived asset impairment associated with the sale of its financial services segment.
The company also flagged the impact of shutting down operations in Russia during Q1 that “negatively impacted revenue by $2.9 million in the period,” the
Union Pacific had beat expectations on April 21 with first quarter EPS of $2.57 on revenue of $5.86 billion, compared to forecast for EPS of $2.56 on revenue of $5.71 billion.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
