Triple-s Management Corp. (GTS) Misses Q3 EPS by 1c

Triple-s Management Corp. (NYSE: GTS) reported Q3 EPS of $0.31, $0.01 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $567.2 million versus the consensus estimate of $577.23 million.

The company's Board of Directors has authorized a $50.0 million common stock repurchase program, which the company intends to begin in the coming days. The program will be conducted, using available cash, through open-market purchases of Class B shares only, in accordance with Rules 10b-18 and 10b5-1 under the Securities Exchange Act of 1934, as amended. The timing and extent of any purchases under the program will depend on market conditions, the trading price of our shares, and other considerations, and the program may be suspended, modified, or terminated at any time.

For earnings history and earnings-related data on Triple-s Management Corp. (GTS) click here.

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