« +889.35 | Main | Bear Market Rallies »

I have two recent earnings reports to pass along:

WR Berkley (WRB) yesterday reported third-quarter operating earnings of 73 cents a share. That was two cents more than Wall Street was expecting. Unfortunately, it was down from the 93 cents a share it made in last year’s third quarter. This has been a difficult time for the entire insurance industry, but WRB is still going for less than eight times next year’s earnings.

Fiserv (FISV) reported earnings after charges of 81 cents a share, which was two cents below Street estimates. Despite the miss, it’s an impressive increase over the 72 cents a share from last year’s third quarter. Fiserv's stock is down very sharply in the past few weeks and it's also going for just eight times earnings.

Posted by edelfenbein at October 29, 2008 8:55 AM