James River beats consensus as top line balloons by 60%

James River surpassed the expectations of analysts in the fourth
quarter as it reported operating profit of $23.2mn and a top line
that increased by almost 60 percent.
The $0.77 per share operating result marked a notable
improvement on the $0.65 per share consensus estimate of five Wall
Street analysts surveyed by MarketWatch.com.
The bottom line swelled by almost 30 percent, boosted by a $9mn
reserve release - more than five times the $1.7mn in reserves it
announced for the...