Stockmarket

Progressive Earnings, Revenue beat in Q4



© Reuters. 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

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