AXIS Capital Holdings Limited ( AXS - Free Report ) reported fourth-quarter 2016 earnings per share of $1.14 that beat the Zacks Consensus Estimate of 93 cents by 23%. Also, earnings declined 7.3% from the year-ago quarter. AXIS Capital's net income declined 6.5% year over year to $1.48 per share. Operational Update Operating revenues of about $1.02 billion missed the Zacks Consensus Estimate of $1.06 billion. However, revenues increased 1.2% year over year.