FedNat shares up 7.9% after earnings exceed forecasts

Shares in Florida homeowners' specialist Federated National
gained 7.9 percent in New York trading today after the carrier beat
earnings forecasts to deliver a $4.9mn second quarter profit.
At their peak, the shares touched $17.34 in late morning on the
Nasdaq Stock Market before settling back to close at $16.92,
climbing from yesterday's $15.68 closing price.
Federated National posted net income of $0.37 per share, higher
than the average $0.34 expected by four analysts surveyed by
MarketWatch,