Progressive Earnings, Revenue beat in Q4

Investing.com – Progressive reported on Wednesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.

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 and are trading at $110.02 , down-from-52-week-high.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 the report.

Progressive follows other major Financial sector earnings this month

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

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ SOURCE