Company News: American International Group (AIG) Quarterly Results Miss Forecasts

Market news

12 February 2016

Company News: American International Group (AIG) Quarterly Results Miss Forecasts

American International Group reported Q4 FY 2015 net loss of $1.10 per share (versus earnings of $0.97 in Q4 FY 2014), missing analysts' consensus estimate of a $0.17 loss.

The company's quarterly revenues amounted to $4.991 bln, missing consensus estimate of a $14.152 bln.

The Group also announced that its Board of Directors had authorized the repurchase of additional shares of AIG Common Stock with an aggregate purchase price of up to $5 bln.

In addition, the company declared a 14% increase in the quarterly dividend to $0.32 per share.

AIG fell to $50.46 (-0.12%) in pre-market trading.

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European stock markets mid session: stocks traded higher as shares of banking sector rebounded and oil prices increased

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