Investing.com – Progressive (NYSE:) reported on Wednesday fourth quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Progressive announced earnings per share of $2.85 on revenue of $9.54B. Analysts polled by Investing.com anticipated EPS of $1.64 on revenue of $10.5B.
Progressive shares are down 7.24% from the beginning of the year, still down 10.10% from its 52 week high of $102.02 set on October 13, 2020. They are under-performing the S&P 500 which is up 2.49% from the start of the year.
Progressive shares lost 1.33% in pre-market trade following the report.
Progressive follows other major Financial sector earnings this month
Progressive’s report follows an earnings beat by JPMorgan on January 15, who reported EPS of $3.79 on revenue of $30.16B, compared to forecasts EPS of $2.62 on revenue of $28.67B.
UnitedHealth had beat expectations on January 20 with fourth quarter EPS of $2.52 on revenue of $65.47B, compared to forecast for EPS of $2.41 on revenue of $64.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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