Loeb’s Third Point Reinsurance Earnings Beat Estimates

Third Point Reinsurance Ltd (NYSE:TPRE), the insurance arm of Dan Loeb's investment empire, released its earnings report for the three months through September on Tuesday morning before the bell rang on Wall Street. The company showed earnings of 46 cents per share for the three months, and revenue came to $119.7 million. On Monday's market shares in the reinsurer trended down and finished at $15.12.

In run up to the release of these earnings numbers, analysts following Third Point Reinsurance Ltd (NYSE:TPRE) were looking for earnings per share of 43 cents for the September quarter....