Earnings beat propels Everest Re to 5% gain

Everest Re shares jumped as much as 5.4 percent in New York
trading today after the company easily beat Wall Street's
first-quarter earnings expectations as revenue rose while costs
fell.
The stock traded as high as $252.44, a new 52-week high, before
retreating slightly by early afternoon as traders reacted to the
company's report late yesterday of an operating profit of $6.29
a share, above the consensus of analyst expectations for $5.31 per
share.
The result was up 21 percent...