Investing.com - Progressive (NYSE:PGR) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.42 on revenue of $9.62B. Analysts polled by Investing.com anticipated EPS of $1.3 on revenue of $9.57B. That compared to EPS of $1.31 on revenue of $8.6B in the same period a year earlier. The company had reported EPS of $1.34 on revenue of $9.13B in the previous quarter.
For the year, Progressive shares are up 24.27%, outperforming the S&P 500 which is up 20.94% year to date.
Progressive follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.46B.
Bank of America earnings beat analyst's expectations on Wednesday, with third quarter EPS of $0.75 on revenue of $22.81B. Investing.com analysts expected EPS of $0.55 on revenue of $22.59B
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