Investing.com - AIG (NYSE:AIG) reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
AIG announced earnings per share of $0.11 on revenue of $11.28B. Analysts polled by Investing.com anticipated EPS of $0.78 on revenue of $11.31B. That with comparison to EPS of $1.58 on revenue of $12.92B in the same period a year before.AIG had reported EPS of $1.03 on revenue of $12.18B in the previous quarter.Analysts are expecting EPS of $0.93 and revenue of $11.55B in the upcoming quarter.
AIG shares are down 53.11% from the beginning of the year and are trading at $24.07 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.39% year to date.
AIG follows other major Financial sector earnings this month
AIG's report follows an earnings missed by Berkshire Hathaway on Saturday, who reported EPS of $3608.56 on revenue of $-9.01B, compared to forecasts EPS of $3777.89 on revenue of $63.31B.
JPMorgan had missed expectations on Tuesday, April 14, 2020 with first quarter EPS of $0.78 on revenue of $29.07B, compared to forecast for EPS of $1.87 on revenue of $29.54B.
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