AmTrust and Maiden shares plunge on Q2 earnings
Shares in US carrier AmTrust and sister company Maiden Holdings
dropped today in New York trading, after the firms released their
second quarter results late yesterday.
AmTrust shares fell 10.5 percent to $14.23 while Maiden plunged
almost 27 percent to $7.72 in heavy trading.
Wall Street analysts had predicted Maiden would post a profit of
$0.38 per share, according to estimates collected by
MarketWatch.
Instead Maiden generated an operating loss of $12.5mn, or $0.14
per share, as its combined
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