American Intl Gr Late Wednesday Reported Q1 2024 Adj EPS $1.77 Beats $1.65 Estimate, Sales $12.578B Beat $11.581B Estimate; Board Approved Increase To Share Repurchase Authorization Up To $10B
Portfolio Pulse from Benzinga Newsdesk
American Intl Gr (AIG) reported Q1 2024 adjusted EPS of $1.77, surpassing the $1.65 estimate, with sales of $12.578B exceeding the $11.581B forecast. Year-over-year, earnings and sales increased by 8.59% and 14.51%, respectively. Additionally, AIG's board approved a share repurchase authorization increase up to $10B.
May 02, 2024 | 12:50 pm
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AIG reported a strong Q1 2024 performance with EPS and sales beating estimates, alongside a significant share repurchase program.
AIG's earnings and sales beat, coupled with a substantial increase in its share repurchase authorization, signals strong financial health and confidence from its board, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
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