AIG shares up on 28% higher profit
8/2/12 4:16 PM ET (MarketWatch)
SAN FRANCISCO (MarketWatch) -- American International Group, Inc. reported after the close Thursday a second-quarter profit of $2.3 billion, or $1.33 a share, up from $1.8 billion, or $1.00 a share, a year ago. Analysts polled by FactSet had expected the New York-based insurance group to earn 58 cents per share. In after-hours trade, the stock climbed 1.2% to $31.20 a share. Ahead of the report, share price was up almost 33% since January and up 11% over the past 12 months.