RTTNews | Nov 5, 2020 04:40PM EST

16:40 Thursday, November 5, 2020 (RTTNews.com) - American International Group, Inc. (AIG) announced a profit for third quarter that fell from last year.

The company's bottom line came in at $281 million, or $0.32 per share. This compares with $648 million, or $0.72 per share, in last year's third quarter.

Excluding items, American International Group, Inc. reported adjusted earnings of $709 million or $0.81 per share for the period.

Analysts had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 20.8% to $10.22 billion from $12.91 billion last year.

American International Group, Inc. earnings at a glance:

-Earnings (Q3): $709 Mln. vs. $505 Mln. last year.-EPS (Q3): $0.81 vs. $0.56 last year.-Analysts Estimate: $0.54-Revenue (Q3): $10.22 Bln vs. $12.91 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3143583/american-international-group-inc-q3-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved