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 Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.

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 and are trading at $91.15 , down-from-52-week-high.They are under-performing the S&P 500 which is up 17.65% year to date.

Progressive shares gained 0.36% 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 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

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles