FedNat shares up 9.6% after earnings exceed forecasts

Shares in Florida homeowners' specialist Federated National
gained almost 10 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 $17.19 in late morning on the
Nasdaq Stock Market, 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, as second quarter total revenue a