NEW YORK (TheStreet) -- ACE (ACE) reported third quarter earnings and revenue ahead of analysts expectations after the closing bell on Tuesday.
The Swiss global insurance company reported third quarter earnings of $785 million, or $2.64 on an adjusted per diluted share basis, a 6% increase over the same period last year, and well ahead of analysts $2.36 per diluted share forecast.
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The company also posted revenue of $5.35 billion, ahead of analysts $4.3 billion estimates, with after-tax operating income of $891 million.
The company's shares have risen 3% since the beginning of the year but are down 0.66% to $105.51 in after-hours trading today. TheStreet Ratings team rates ACE LTD as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: "We rate ACE LTD (ACE) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income." Highlights from the analysis by TheStreet Ratings Team goes as follows: You can view the full analysis from the report here: ACE Ratings Report 
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