Fairfax Financial Report Q1 Earnings, Posts Surprise Profit

Fairfax Financial Holdings Ltd (TSE:FFH) announced its earnings for the first quarter of 2013 today, Thursday May 2. the company revealed that it had earned $161.6 million or $7.12 a share, in the first three months of the year. On today's market shares in the Canadian investment vehicle trended higher and closed at $408.

Analysts following earnings had expected the company to post a loss of 5 cents a share. In the first quarter of 2012, the company lost 69 cents per share on revenue of $1.8 billion. Comparing Fairfax Financial Holdings Ltd (TSE:FFH) earnings year on year...