DUBLIN (dpa-AFX) - XL Group plc (XL) reported earnings for fourth quarter that dropped from last year.
The company said its profit came in at $195.03 million, or $0.65 per share. This was down from $293.93 million, or $1.12 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 56.0% to $2.59 billion. This was up from $1.66 billion last year.
XL Group plc earnings at a glance:
-Earnings (Q4): $195.03 Mln. vs. $293.93 Mln. last year. -Earnings Decline (Y-o-Y): -33.6% -EPS (Q4): $0.65 vs. $1.12 last year. -EPS Decline (Y-o-Y): -42.0% -Analysts Estimate: $0.58 -Revenue (Q4): $2.59 Bln vs. $1.66 Bln last year. -Revenue Change (Y-o-Y): 56.0%
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