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Chubb Corp. (CB) Jumped To A New High On Q4 Earnings News

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Chubb Corp. (CB: Quote) reported fourth quarter operating earnings of $0.16 per share after the bell Thursday, down from $1.63 per share a year ago. The consensus estimate was for a loss of $0.45. Full year 2013 operating EPS is expected to be between $6.40 and $6.80, compared to the consensus estimate of $6.26.

Chubb gapped open sharply higher Friday, but traded in a range for the majority of the session. The stock closed with a gain of 2.58 at $82.89, with volume at a 3-month high. Chubb rose past resistance Friday and set a new high for the year.

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by RTT Staff Writer

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