Progressive Earnings Beat, Income Misses In This autumn

© Reuters.  Progressive Earnings Beat, Revenue Misses In Q4

© Reuters. Progressive Earnings Beat, Income Misses In This autumn – Progressive (NYSE:) reported on Wednesday fourth quarter that beat analysts’ forecasts and income that fell wanting expectations.

Progressive introduced earnings per share of $2.85 on income of $9.54B. Analysts polled by anticipated EPS of $1.64 on income of $10.5B.

Progressive shares are down 7.24% from the start of the yr, nonetheless down 10.10% from its 52 week excessive of $102.02 set on October 13, 2020. They’re under-performing the S&P 500 which is up 2.49% from the beginning of the yr.

Progressive shares misplaced 1.33% in pre-market commerce following the report.

Progressive follows different main Monetary sector earnings this month

Progressive’s report follows an earnings beat by JPMorgan on January 15, who reported EPS of $3.79 on income of $30.16B, in comparison with forecasts EPS of $2.62 on income of $28.67B.

UnitedHealth had beat expectations on January 20 with fourth quarter EPS of $2.52 on income of $65.47B, in comparison with forecast for EPS of $2.41 on income of $64.96B.

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