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DAYTONA BEACH, Fla. - The New York Stock Exchange temporarily halted the trading of Brown & Brown Inc. shares Tuesday after the insurance company said that it had inadvertently released incomplete financial data for its fiscal third quarter.
The financial information, released earlier in the day, stated the company earned 29 cents per share, meeting Wall Street expectations, according to analysts polled by Thomson Reuters.
The report was not complete and had not been reviewed by the company's audit committee or auditors, and "is only preliminary and is subject to finalization," the company said in a statement.
Brown & Brown is expected to report third-quarter earnings Oct. 20.
At 3:10 p.m., shares of Brown & Brown traded down $1.85, or nearly 9 percent, to $18.84.
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