WESTLAKE, Texas (AP) _ Goosehead Insurance Inc. (GSHD) on Wednesday reported second-quarter net income of $1.5 million.

On a per-share basis, the Westlake, Texas-based company said it had net income of 7 cents. Earnings, adjusted for stock option expense, were 13 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The insurance company posted revenue of $38.2 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $37.2 million.

Goosehead expects full-year revenue in the range of $146 million to $156 million.

Goosehead shares have increased slightly more than 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $130.30, an increase of 55% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSHD at https://www.zacks.com/ap/GSHD

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News