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Progressive announced earnings per share of $1.34 on revenue of $11.48B. Analysts polled by Investing.com anticipated EPS of $1.07 on revenue of $11.38B.
Progressive shares are down 1.45% from the beginning of the year, still down 9.42% from its 52 week high of $107.58 set on May 14. They are under-performing the S&P 500 which is up 16.46% from the start of the year.
Progressive’s report follows an earnings beat by JPMorgan on Tuesday, who reported EPS of $3.78 on revenue of $31.4B, compared to forecasts EPS of $3.16 on revenue of $30B.
UnitedHealth had beat expectations on Thursday with second quarter EPS of $4.7 on revenue of $71.32B, compared to forecast for EPS of $4.43 on revenue of $69.6B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
