The Chubb Corporation Q1 adjusted earnings Beat Estimates

(RTTNews) - The Chubb Corporation (CB) announced a profit for its first quarter that advanced from the same period last year.

The company's bottom line came in at $2.3 billion, or $5.07 per share. This compares with $252 million, or $0.55 per share, in last year's first quarter.

Excluding items, The Chubb Corporation reported adjusted earnings of $1.14 billion or $2.52 per share for the period.

Analysts had expected the company to earn $2.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.7% to $8.66 billion from $7.97 billion last year.

The Chubb Corporation earnings at a glance:

-Earnings (Q1): $1.14 Bln. vs. $1.22 Bln. last year. -EPS (Q1): $2.52 vs. $2.68 last year. -Analysts Estimate: $2.49 -Revenue (Q1): $8.66 Bln vs. $7.97 Bln last year.