Tower Group (TWGP) Estimates Q2 Charges from Unusual Weather
Tweet
Share
E-mailGet Alerts TWGP Hot Sheet
Join SI Premium – FREE
Tower Group, Inc. (Nasdaq: TWGP), estimates an $8 million in pre-tax charges from the unusually severe weather activity that occurred in April, May and early June 2011.
Tower expects the weather-related losses will reduce its second quarter earnings by $0.13 per share. Tower expects 2011 operating earnings per share to be at the lower end of its previously announced range of $2.70 to $2.90.
Tower expects the weather-related losses will reduce its second quarter earnings by $0.13 per share. Tower expects 2011 operating earnings per share to be at the lower end of its previously announced range of $2.70 to $2.90.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lowe's (LOW) PT Lowered to $275 at Guggenheim
- CPS Technologies signs 80,000-sq-ft lease in Attleboro, Massachusetts
- Firm Capital Apartment REIT posts Q2 loss, plans name change
Create E-mail Alert Related Categories
Corporate News, GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
