AXIS Capital Lags EPS, Rev. Beats
AXIS Capital Holdings Limited (NYSE:AXS) reported first-quarter 2012 operating earnings of $1.07 per share, missing the Zacks Consensus Estimate by 2 cents and reversing the loss of $3.52 incurred in the year ago-quarter. Operating income was $136 million in the quarter, comparing favorably with a loss of $399 million in the first quarter of 2011. [...]
AXIS Capital Holdings Limited (NYSE:AXS) reported first-quarter 2012 operating earnings of $1.07 per share, missing the Zacks Consensus Estimate by 2 cents and reversing the loss of $3.52 incurred in the year ago-quarter. Operating income was $136 million in the quarter, comparing favorably with a loss of $399 million in the first quarter of 2011.
Higher premiums coupled with higher investment income as well as lower expenses fueled the performance. The company also benefited from lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
