(C) Reuters. Progressive Earnings Miss, Revenue Beats In Q3
Progressive announced earnings per share of $0.1273 on revenue of $12.45B. Analysts polled by Investing.com anticipated EPS of $0.2238 on revenue of $12.1B.
Progressive shares are down 7.82% from the beginning of the year, still down 15.27% from its 52 week high of $107.58 set on May 14. They are under-performing the S&P 500 which is up 17.65% from the start of the year.
Progressive shares gained 0.36% in intra-day trade following the report.
Progressive follows other major Financial sector earnings this month
Progressive’s report follows an earnings beat by JPMorgan on Wednesday, who reported EPS of $3.74 on revenue of $30.44B, compared to forecasts EPS of $3 on revenue of $29.86B.
UnitedHealth had beat expectations on Thursday with third quarter EPS of $4.52 on revenue of $72.34B, compared to forecast for EPS of $4.41 on revenue of $71.3B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Progressive Earnings Miss, Revenue Beats In Q3
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