Key Developments For CRM Holdings, Ltd.
CRM Holdings, Ltd. (CRMH.O) (Nasdaq)
CRM Holdings, Ltd. Comments On Q3, Q4 2009 EPS Guidance
CRM Holdings, Ltd. announced that based on this combined ratio, the Company expects a loss from continuing operations for the remainder of 2009. According to Reuters Estimates, analysts were expecting the Company to report EPS of $(0.01) for third quarter of 2009; EPS of $(0.01) for fourth quarter of 2009.
CRM Holdings, Ltd. Lowers FY 2009 EPS Guidance
CRM Holdings, Ltd. announced that it expects to break-even from continuing operations for the remainder of fiscal 2009, with a loss expected for fiscal 2009 which takes into account the net loss incurred during the first quarter of 2009. According to Reuters Estimates, analysts are expecting the Company to report EPS of $(0.05) for fiscal 2009.
CRM Holdings, Ltd. Announces Management Changes
CRM Holdings, Ltd. announced that its Board of Directors has appointed James J. Scardino as the Company's new Chief Executive Officer (CEO) and Deputy Chairman of the Board, effective immediately. The Company also announced the appointments of Keith S. Hynes as Chairman of the Board and Joseph F. Taylor as Chief Financial Officer (CFO).
CRM Holdings, Ltd. Names Scardino As Acting CEO
CRM Holdings, Ltd. announced announced that Daniel G. Hickey Jr. is stepping down as the Company's Chairman and Chief Executive Officer(CEO), effective immediately. Concurrently, the Board has appointed James J. Scardino, current Chief Financial Officer, as Chief Executive Officer on an interim basis. He will serve as acting CEO until a permanent replacement for Mr. Hickey is named. A committee of the CRM Board of Directors has been formed and is conducting the search for a new CEO.
CRM Holdings, Ltd. Issues FY 2009 EPS Guidance Below Analysts' Estimates
CRM Holdings, Ltd. announced that for fiscal 2009, it expects earnings per share (EPS) of $0.10 to $0.15. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.80 for the same period.
