The Baldwin Insurance Group: Q3 Earnings Snapshot

TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — The Baldwin Insurance Group, Inc. (BWIN) on Monday reported a loss of $58.1 million in its third quarter.

The Tampa, Florida-based company said it had a loss of 63 cents per share. Earnings, adjusted for one-time gains and costs, were 42 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The company posted revenue of $480.3 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $487.9 million.

The Baldwin Insurance Group shares have climbed 34% since the beginning of the year. In the final minutes of trading on Monday, shares hit $32.15, a climb of 20% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BWIN at https://www.zacks.com/ap/BWIN