The Chubb Corporation Q2 Profit Decreases, but beats estimates

The Chubb Corporation (CB) released earnings for second quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $1.22 billion, or $2.86 per share. This compares with $2.27 billion, or $5.06 per share, in last year's second quarter.

Excluding items, The Chubb Corporation reported adjusted earnings of $1.79 billion or $4.20 per share for the period.

Analysts on average had expected the company to earn $3.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The Chubb Corporation earnings at a glance (GAAP) :

-Earnings (Q2): $1.22 Bln. vs. $2.27 Bln. last year.
-EPS (Q2): $2.86 vs. $5.06 last year.
-Analyst Estimates: $3.56

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