Marketing Alliance Q3 revenue up, net income improves on insurance distribution
Overview
Insurance distributor's fiscal Q3 revenue rose over 10% yr/yr, driven by insurance distribution
Company's fiscal Q3 net income improved to $268,692 from a loss last year
Company repurchased 117,962 shares during the quarter, continuing its buyback program
Outlook
Company did not provide specific financial guidance for future quarters or fiscal year
Result Drivers
INSURANCE BUSINESS GROWTH - Revenue increase driven by improved performance in the insurance distribution business, particularly in annuities
INVESTMENTS IN TECHNOLOGY - Co invested in technology and marketing team to enhance communication with agencies, contributing to revenue growth
CONSTRUCTION DELAYS - Construction business faced delays at a large project, affecting ability to work on other projects
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS |
| $0.04 |
|
Press Release: ID:nGNX54whYq
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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