U.S. markets close in 3 minutes
  • S&P 500

    3,845.90
    +77.43 (+2.05%)
     
  • Dow 30

    31,521.70
    +597.56 (+1.93%)
     
  • Nasdaq

    12,935.51
    +212.04 (+1.67%)
     
  • Russell 2000

    2,181.45
    +34.52 (+1.61%)
     
  • Crude Oil

    66.24
    +2.41 (+3.78%)
     
  • Gold

    1,697.00
    -3.70 (-0.22%)
     
  • Silver

    25.24
    -0.22 (-0.87%)
     
  • EUR/USD

    1.1925
    -0.0054 (-0.45%)
     
  • 10-Yr Bond

    1.5540
    +0.0040 (+0.26%)
     
  • GBP/USD

    1.3848
    -0.0046 (-0.33%)
     
  • USD/JPY

    108.3200
    +0.3440 (+0.32%)
     
  • BTC-USD

    49,136.16
    +812.17 (+1.68%)
     
  • CMC Crypto 200

    981.45
    +38.27 (+4.06%)
     
  • FTSE 100

    6,630.52
    -20.36 (-0.31%)
     
  • Nikkei 225

    28,864.32
    -65.78 (-0.23%)
     

Axis Capital: 4Q Earnings Snapshot

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

PEMBROKE, Bermuda (AP) _ Axis Capital Holdings Ltd. (AXS) on Wednesday reported fourth-quarter net income of $2.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Pembroke, Bermuda-based company said it had profit of 6 cents. Losses, adjusted for one-time gains and costs, came to 20 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.

The insurance company posted revenue of $1.28 billion in the period. Its adjusted revenue was $1.19 billion.

For the year, the company reported a loss of $120.4 million, or $1.79 per share, swinging to a loss in the period. Revenue was reported as $4.71 billion.

Axis Capital shares have declined nearly 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $47.40, a drop of 23% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXS at https://www.zacks.com/ap/AXS