The Zacks Consensus Estimate for American International’s second-quarter earnings is pegged at $1.23 per share, which indicates a decline of 19.1% from the prior-year quarter’s reported figure.
We'll see how it plays out tomorrow, but if the results are not better, we can expect a layoffs announcement to follow soon after. At least IMO.
Layoffs take time to plan and execute.
There are a lot of hoops involved.
Where announcements come soon the layoffs were already planned not due to Q2 results.
They are always being planned.
The board authorized $6.5 Billion is stock buy backs. bahahahahah and thestock is still at $52 a share.......bahahahahah
Despite the hoopla, AIG missed again and the stock is still trading near 52 week lows. Management plans more stock buy backs and lofty dividends to stakeholders to prop up the price per share. Meanwhile you get nothing. No career advancement, no meaningful raises and no replacements for your colleagues that have been smart enough to leave. In other words, business as usual at AIG. Nothing to see here..........
"NEW YORK (AP) _ American International Group Inc. (AIG) on Monday reported second-quarter earnings of $3.04 billion.
On a per-share basis, the New York-based company said it had profit of $3.78. Earnings, adjusted for non-recurring gains, were $1.19 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share."
AIG second quarter results are great!
I am so happy I was able to contribute in getting AIG billions in profits. I will celebrate this weekend at my apartment drinking Pabst Blue Ribbon and bean dip since that's all I can afford with my 2% raise.
Cheers Pete!
😀
PZ, don't listen to these people. You are the chosen one.
Keep outsourcing the company until we all speak Hindi. The stakeholder is all that matters. Long live PZ!
Worst managed company in the industry. Yhey should call it PYP for executives..PAD YOUR POCKETS! Disgraceful..
Layoffs every year since 2008.
Stock price is only relevant to the stakeholders which most likely isn't you. The fate of the average employee has already been decided. It is just a matter of when, not if.
yeah, but no superheroes to save the day around this dump, only minions.
PZ is a real world Thanos. He snaps his fingers and thousands of employees vanish so he can bring stability to executive bonuses and stock options.
This will continue to happen regardless of earnings because greed is king at AIG.
Layoffs are always happening at AIG….who cares about the Zacks thing. The company is ever shrinking because it has been managed poorly the last few years