Investing.com - Progressive (NYSE:PGR) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.66 on revenue of $9.13B. Analysts polled by Investing.com expected EPS of $1.43 on revenue of $9.11B. That compared to EPS of $1.15 on revenue of $8.1B in the same period a year earlier. The company had reported EPS of $1.34 on revenue of $9.24B in the previous quarter.
Progressive shares gained 1.00% to trade at $84.96 in pre-market trade following the report.
For the year, Progressive shares are up 39.43%, outperforming the S&P 500 which is up 21.28% year to date.
Progressive follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported second quarter EPS of $2.82 on revenue of $29.57B, compared to forecasts of EPS of $2.51 on revenue of $28.84B.
Bank of America earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.74 on revenue of $23.08B. Investing.com analysts expected EPS of $0.71 on revenue of $23.12B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar