Reported about 19 hours ago
Verisk Analytics has reduced its 2025 revenue forecast following third-quarter revenue results that fell short of Wall Street expectations due to mild weather impacting demand for its property claims estimating tool. The company's shares dropped significantly, as it reported a 5.9% increase in quarterly revenue to $768 million, less than the anticipated $776 million. CEO Lee Shavel noted the uncharacteristically low levels of severe weather led to fewer claims processed, resulting in an expected revenue range for 2025 of $3.05 to $3.08 billion, below analysts' predictions.
Source: YAHOO