. The announcement came alongside IAC's second-quarter earnings, which beat Wall Street's expectations. The company reported adjusted earnings per share of $1.19 on revenue of $1.19 billion. Analysts had expected earnings per share of 95 cents on revenue of $1.18 billion, according to Refinitiv. The stock later pared its gains and fell nearly 1% below its closing price amid thin trading volume.jumped 9.
15 per share analysts surveyed by Refinitiv had been expecting. AIG's CEO Brian Duperreault said in a statement said, "General Insurance achieved its second consecutive quarter of underwriting profitability resulting from underwriting and expense discipline, and reinsurance actions, and remains on track to deliver an underwriting profit for the full year."ticked up 1.9% after the news and entertainment company beat analysts' expectations for its fourth-quarter earnings.
Source: News Formal (newsformal.com)
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