PARIS (Reuters) - Europe's No. 2 insurer AXA reported a milder than expected 36 percent drop in first-half profit from a year-ago period, boosted by a one-off gain from the sale of its Australia and New Zealand operations.
AXA said its net income for the period fell to 2.59 billion euros ($3.15 billion) from 4.01 billion in the year-ago period. Analysts polled by Thomson Reuters I/B/E/S had forecast net income of 2.11 billion euros.
Underlying profit rose 3 percent to 2.305 billion euros, bolstered by improved property and casualty results.
AXA reported first-half revenue rose 3 percent to 48.41 billion euros.
($1 = 0.8224 euros)
(Reporting By Christian Plumb; Editing by Dominique Vidalon)
Source: http://news.yahoo.com/axa-h1-earnings-fall-beat-forecasts-050335712--finance.html
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