AIG up 22% on Earnings 11/10/08 - AIG Earnings Highlights

AIG has come out today, November 10th, 2008, and released their earnings. This is sending AIG stock up another 22% in pre market trading. Below are the highlights from the AIG earnings report.

• Taxpayers own 77.9% of equity
• 85 billion dollar loan was key to preventing bankruptcy
• AIG losses $9.05 per share during the quarter or (24.5 billion )
• AIG Non-Gaap loss of $3.42 per share
• AIG revenue 898 million vs 29.8 billion
• Bailout package loan increased to 123 billion
• AIG cites " going concern "

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