AIG (NYSE: AIG) blew away analysts' expectations with its latest earnings release and is riding high in the aftermath. The New York City-based insurance firm posted a fourth quarter EPS of $0.20, falling far short of the $0.77 per share posted during the same period in 2011. Yet, it finished well above the Wall Street consensus of a an $0.08 per share loss. EPS finished down for the year, closing at $0.77 versus $1.16 per share in 2011. Net income, or lack thereof, was down sharply during for the quarter. After finishing Q4 2011 with a net income of $21.5 billion, AIG reports a net loss of $4 billion this time around. This was largely impacted by a $4.4 billion loss from the sale of International Finance Lease Corporation. Also, the company attributes $1.3 billion in losses to Hurricane Sandy. For the year, net ...
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