TeleTrade - Analytics

    TeleTrade

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    12.02.2016 12:23 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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