American International Group, Inc. (AIG) released a profit for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $3028 million, or $3.78 per share. This compares with $91 million, or $0.11 per share, in last year's second quarter.
Excluding items, American International Group, Inc. reported adjusted earnings of $0.98 billion or $1.19 per share for the period.
Analysts on average had expected the company to earn $1.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
American International Group, Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $3028 Mln. vs. $91 Mln. last year.
-EPS (Q2): $3.78 vs. $0.11 last year.
-Analyst Estimate: $1.10
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