Axis Capital: Q3 Earnings Snapshot

PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Axis Capital Holdings Ltd. (AXS) on Wednesday reported third-quarter earnings of $209.1 million.

On a per-share basis, the Pembroke, Bermuda-based company said it had net income of $2.75. Earnings, adjusted for non-recurring costs, came to $3.12 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.97 per share.

The insurance company posted revenue of $1.79 billion in the period. Its adjusted revenue was $1.84 billion.

Axis Capital shares have declined roughly 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $100.80, an increase of 13% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXS at https://www.zacks.com/ap/AXS