Categories AlphaGraphs, Earnings, Finance
American International Group (AIG) Q2 earnings drop but top expectations
American International Group (NYSE: AIG) Monday said its after-tax adjusted profit dropped sharply in the second quarter of 2020 but exceeded the consensus forecast.
Adjusted after-tax income attributable to shareholders was $571 million or $0.66 per share in the second quarter, compared to $1.27 billion or $1.43 per share last year. However, the bottom line came in above analysts’ projection.
On an unadjusted basis, the insurance giant reported a net loss of $7.94 billion or $9.15 per share for the quarter, compared to earnings of $1.1 billion or $1.24 per share in the second quarter of 2019.
At $3.4 billion, total consolidated net investment income was down 8% year-over-year, reflecting bigger private equity losses compared to last year.
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
