American International Group, Inc. (NYSE: AIG) declined 3.17% to $23.85 in the after hours after the company reported a third quarter net loss of $4.1 billion or $2.16 a share, as compared with a net loss of $2.5 billion or $18.53 per share in the year ago period. Analysts polled by Thomson Reuters I/B/E/S had on average expected the company to post a loss of $0.63 per share in the quarter, though the range of estimates was wide, from a loss of $0.22 a share to a loss of $0.99 a share.
Genworth Financial, Inc. (NYSE: GNW) gained 3.90% to $6.40 in the after hours after the company reported third quarter 2011 net income of $29 million, or $0.06 per diluted share, as compared with net income of $83 million, or $0.17 per diluted share, in the year ago quarter. Net operating income for the third quarter was $104 million, or $0.21 per diluted share. Analysts, on an average, had expected the company to earn $0.18 a share.
Home Properties, Inc. (NYSE: HME) reported a third-quarter net income of $8.5 million or $0.20 per share on total revenues of $144.62 million. Funds from operations, or FFO, for the quarter were $46.4 million or $0.87 per share, as compared to $38.9 million or $0.79 per share last year. Analysts expected the company to report earnings of $0.87 per share on revenues of $143.11 million for the quarter.
Going forward, the company has decreased the midpoint of its prior FFO guidance for the year by two cents to $3.49. The company’s guidance for operating FFO, which excludes expensing of acquisition costs, is four cents higher with a midpoint of $3.55 per share. Analysts currently estimate earnings of $3.49 per share for the full year.
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