Brown & Brown (BRO) Tops Q1 EPS by 2c

Brown & Brown (NYSE: BRO) reported Q1 EPS of $0.44, $0.02 better than the analyst estimate of $0.42. Revenue for the quarter came in at $424.2 million versus the consensus estimate of $425.09 million.

J. Powell Brown, President and Chief Executive Officer of the Company noted, "During the first quarter, we grew each of our divisions organically and we continued to invest for the long term."

In the fourth quarter of 2015 we initiated a $75 million accelerated share repurchase program that was part of the Company's board-approved $200 million share repurchase authorization announced on July 21, 2014, and the Company's board-approved $400 million share repurchase authorization announced on July 20, 2015. This $75 million program was completed in January 2016. Under these authorizations, the Company has remaining approval to repurchase up to an additional $375 million of the Company's common stock."

For earnings history and earnings-related data on Brown & Brown (BRO) click here.

You May Also Be Interested In

• Intel (INTC) tops Q1 EPS by 3c; misses on guidance
• FICO (FICO) Tops Q2 EPS by 33c, provides guidance
• SS&C Technologies (SSNC) Tops Q1 EPS by 6c, provides guidance