This post was originally published on this site
Progressive announced earnings per share of $1.63 on revenue of $11.6B. Analysts polled by Investing.com anticipated EPS of $0.9935 on revenue of $11.05B.
Progressive shares are up 6% from the beginning of the year, still down 1.65% from its 52 week high of $111.13 set on January 24. They are outperforming the S&P 500 which is down 8.6% from the start of the year.
Progressive shares gained 0.66% in pre-market trade following the report.
Progressive’s report follows an earnings beat by JPMorgan on January 14, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on January 19 with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
