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Arch Capital: Q1 Earnings Snapshot

PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Arch Capital Group Ltd. (ACGL) on Tuesday reported first-quarter earnings of $1.05 billion.

The Pembroke, Bermuda-based company said it had net income of $2.88 per share. Earnings, adjusted for non-recurring gains, came to $2.50 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.45 per share.

The property and casualty insurer posted revenue of $4.52 billion in the period. Its adjusted revenue was $4.39 billion, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $4.67 billion.

Arch Capital shares have risen slightly more than 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $97.20, a climb of roughly 7% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACGL at https://www.zacks.com/ap/ACGL

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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