© Reuters. Progressive Earnings, Revenue Miss in Q3
Investing.com – Progressive reported on Thursday third quarter that missed analysts’ forecasts and revenue that fell short of expectations.
Progressive announced earnings per share of $0.20 on revenue of $13.02. Analysts polled by Investing.com anticipated EPS of $1.43 on revenue of $13.32B.
Progressive shares are up 18% from the beginning of the year, still down 6.45% from its 52 week high of $129.76 set on September 12.
Progressive shares lost 0.33% in pre-market trade following the report.
Progressive follows other major Financial sector earnings this month
Progressive’s report follows an earnings beat by BlackRock on Thursday, who reported EPS of $9.55 on revenue of $4.31B, compared to forecasts EPS of $7.65 on revenue of $4.35B.
FactSet Research had missed expectations on September 22 with fourth quarter EPS of $3.13 on revenue of $499.3M, compared to forecast for EPS of $3.21 on revenue of $487.34M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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