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Palomar Q2 Adjusted Earnings, Revenue Rise; Ups Guidance
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Palomar Q2 Adjusted Earnings, Revenue Rise; Ups Guidance
Aug 5, 2024 3:08 PM

05:51 PM EDT, 08/05/2024 (MT Newswires) -- Palomar Holdings ( PLMR ) reported Q2 adjusted earnings late Monday of $1.25 per diluted share, up from $0.86 a year earlier.

Analysts polled by Capital IQ expected $1.10.

Total revenue for the quarter ended June 30 was $131.1 million, up from $90.4 million a year ago.

Analysts surveyed by Capital IQ expected $114.5 million.

For 2024, the company said it now expects adjusted net income of $124 million to $130 million, against $113 million to $118 million in May. Analysts polled by Capital IQ expect $119.2 million.

Price: 93.30, Change: +5.05, Percent Change: +5.72

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