IPC Q1 results down heavily; miss expectations
IPC Holdings reported first quarter net income of $8.3m, heavily down from $86.8m in the first quarter of 2008.
Net operating income more than halved to $43.8m, down from $92.8m in the first quarter of 2008.Analysts at Keefe, Bruyette & Woods said that IPC's earnings per share of $1.13 missed consensus
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