American International Group, Inc. (AIG) announced a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $2.70 billion, or $3.50 per share. This compares with $1.66 billion, or $1.92 per share, in last year's third quarter.
Excluding items, American International Group, Inc. reported adjusted earnings of $509 million or $0.66 per share for the period.
Analysts on average had expected the company to earn $0.53 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 (Q3): $2.70 Bln. vs. $1.66 Bln. last year.
-EPS (Q3): $3.50 vs. $1.92 last year.
-Analyst Estimate: $0.53
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