NEW YORK CITY (dpa-AFX) - American International Group, Inc. (AIG) reported earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $4.25 billion, or $5.15 per share. This compares with $3.87 billion, or $4.41 per share, in last year's first quarter.
Excluding items, American International Group, Inc. reported adjusted earnings of $1.07 billion or $1.30 per share for the period.
Analysts on average had expected the company to earn $1.18 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 (Q1): $4.25 Bln. vs. $3.87 Bln. last year. -EPS (Q1): $5.15 vs. $4.41 last year. -Analyst Estimate: $1.18
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