Progressive earnings miss, Revenue beats in Q3

  • Investing.com
  • Stock Market News
Progressive earnings miss, Revenue beats in Q3
Credit: © Reuters.

Investing.com - Progressive (NYSE: PGR ) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Progressive announced earnings per share of $1.68 on revenue of $11.02B. Analysts polled by Investing.com anticipated EPS of $1.71 on revenue of $10.78B.

Progressive shares are up 39.7% from the beginning of the year and are trading at $101.13 , down-from-52-week-high.They are outperforming the S&P 500 which is up 8.05% year to date.

Progressive shares gained 0.86% in intra-day trade the report.

Progressive follows other major Financial sector earnings this month

Progressive's report follows an earnings beat by JPMorgan on Tuesday, who reported EPS of $2.92 on revenue of $29.94B, compared to forecasts EPS of $2.23 on revenue of $28.22B.

UnitedHealth had beat expectations on Wednesday with third quarter EPS of $3.51 on revenue of $65.12B, compared to forecast for EPS of $3.09 on revenue of $63.77B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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