Investing.com – Progressive (NYSE:) reported on Thursday first quarter that matched analysts’ forecasts and revenue that topped expectations.
Progressive announced earnings per share of $1.72 on revenue of $11.73B. Analysts polled by Investing.com anticipated EPS of $1.72 on revenue of $11.01B.
Progressive shares are up 1.13% from the beginning of the year, still down 1.98% from its 52 week high of $102.02 set on October 13, 2020. They are under-performing the S&P 500 which is up 10.94% from the start of the year.
Progressive shares gained 2.90% in intra-day trade following the report.
Progressive follows other major Financial sector earnings this month
Progressive’s report follows an earnings beat by JPMorgan on Wednesday, who reported EPS of $4.5 on revenue of $33.12B, compared to forecasts EPS of $3.06 on revenue of $30.46B.
UnitedHealth had beat expectations on Thursday with first quarter EPS of $5.31 on revenue of $70.2B, compared to forecast for EPS of $4.38 on revenue of $69.03B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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