Mercury General (MCY) Reports Q1 Loss, Lags Revenue Estimates

Mercury General (MCY) came out with a quarterly loss of $2.29 per share versus the Zacks Consensus Estimate of a loss of$ 4. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 42.75%. A quarter ago, it was expected that this auto insurance company would post earnings of$ 0.64 per share when it actually produced earnings of $2.78, delivering a surprise of 334.38%.Over the last four quarters, the ...