Keefe, Bruyette & Woods Downgrades Brown & Brown (BRO) to Market Perform
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Brown & Brown, Inc. Announces Quarterly Revenues of $404.3 Million, an Increase of 11.2%; Organic Revenue Growth of 3.8% and Earnings per Share of $0.39, Growing 8.3%
April 20, 2015 5:19 PM EDTDAYTONA BEACH, FL -- (Marketwired) -- 04/20/15 -- Brown & Brown, Inc. (NYSE: BRO) (the "Company") today announced its unaudited financial results for the first quarter of 2015.
Revenues for the first quarter of 2015 under U.S. generally accepted accounting principles ("GAAP") were $404.3 million, increasing $40.7 million, or 11.2%, as compared to the first quarter of the prior year, with organic revenues (as defined below) increasing by 3.8%, as compared to the first quarter of the prior year. Diluted earnings per share under GAAP were $0.39 compared to $0.36 in the first quarter of the prior year, representing an 8.3% increase.... More
