XL Group plc Earnings Decline 62% In Q3

(RTTNews) - XL Group plc (XL) announced a profit for third quarter that retreated from last year.

The company said its bottom line totaled $70.79 million, or $0.23 per share. This was down from $187.09 million, or $0.70 per share, in last year's third quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 66.2% to $2.41 billion. This was up from $1.45 billion last year.

XL Group plc earnings at a glance:

-Earnings (Q3): $70.79 Mln. vs. $187.09 Mln. last year. -Earnings Decline (Y-o-Y): -62.2% -EPS (Q3): $0.23 vs. $0.70 last year. -EPS Decline (Y-o-Y): -67.1% -Analysts Estimate: $0.44 -Revenue (Q3): $2.41 Bln vs. $1.45 Bln last year. -Revenue Change (Y-o-Y): 66.2%