Progressive earnings, Revenue beat in Q2

  • Investing.com
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Progressive earnings, Revenue beat in Q2
Credit: © Reuters.

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

Progressive announced earnings per share of $1.84 on revenue of $10.14B. Analysts polled by Investing.com anticipated EPS of $1.74 on revenue of $9.8B.

Progressive shares are up 18.65% from the beginning of the year and are trading at $85.89 , down-from-52-week-high.They are outperforming the S&P 500 which is down 0.09% year to date.

Progressive shares gained 1.65% 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 $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.19 on revenue of $30.41B.

UnitedHealth had beat expectations on Wednesday with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.18 on revenue of $63.34B.

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

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