AIG Insurance Posts $7.81 Billion Loss

May 9, 2008

MSN Money reported on AIG’s $7.81 Billion Loss:

The company late Thursday said it lost $7.81 billion, or $3.09 per share in the period, down a whopping 383% from the profit of $4.13 billion, or $1.58 per share, it earned in the same quarter last year. The results fell far short of analysts’ expectations of a 76-cents-a-share loss.

Ouch…

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