#adjusted-ebitda

#adjusted-ebitda

Brown & Brown ( NYSE: BRO) beat both earnings and revenue expectations in Q3, delivering adjusted diluted EPS of $1.05 against a $0.93 estimate and revenue of $1.606 billion versus $1.539 billion expected. The stock is trading $89.99 after-hours, though the company has spent much of the year struggling. This earnings beat arrives as the stock sits oversold and well below its 200-day moving average, setting up a potential inflection point if management can convince investors the growth is sustainable.

Our owned and operated marketplace decline of 31% quarter over quarter, exacerbated by strong regulatory headwinds.