Investing.com - AIG (NYSE:AIG) reported third quarter earnings that missed analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $0.56 on revenue of $12.04B. Analysts polled by Investing.com anticipated EPS of $1.01 on revenue of $11.85B. That compared to EPS of $-0.34 on revenue of $12.08B in the same period a year earlier. The company had reported EPS of $1.43 on revenue of $12.31B in the previous quarter.
AIG shares gained 1.11% to trade at $53.59 in intra-day trade following the report.
For the year, AIG shares are up 35.98%, outperforming the S&P 500 which is up 23.7% year to date.
AIG follows other major Financial sector earnings this month
On Tuesday, October 15, 2019, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.47B.
Bank of America earnings beat analyst's expectations on Wednesday, October 16, 2019, with third quarter EPS of $0.56 on revenue of $22.8B. Investing.com analysts expected EPS of $0.54 on revenue of $22.58B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar