ACE Limited (NYSE:ACE) dropped
1.32% and closed at $60.45. The company said late Wednesday that third-quarter
net income came in at $675 million, or $1.97 a share, up 37% from a year
earlier when the insurer made $494 million, or $1.46 a share.
The
company was expected to make $1.81 a share, according to an analyst survey by
FactSet Research. Ace raised its full-year 2010 operating earnings guidance to
$7.20 to $7.40 a share from $6.25 to $6.75 a share.
The stock opened at $60.74 and was trading within
the range of $59.88-$61.38. The stock made its fresh 52-week high of $61.38.
Owens-Illinois, Inc. (NYSE:OI) jumped
0.54% to $28.05. The company said late Wednesday third-quarter net income rose
9% to $139 million, or 84 cents a share, from $127 million, or 74 cents a
share.
The
stock went down more than 15% year-to-date. The 52-week range of the stock is
$24.92-$37.97.
Torchmark Corporation (NYSE:TMK) fell
0.32% and closed at $55.57. The company said late Wednesday its third-quarter
profit rose to $1.41 a share from $1.22 a share in the same quarter last year.
Analysts
polled by FactSet Research expected the company to earn $1.57 a share on
revenue of $846.3 million.
The stock opened at $55.13 and was trading within the range of $54.62-$55.89.
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