Investing.com - Progressive (NYSE:PGR) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.81 on revenue of $9.9B. Analysts polled by Investing.com expected EPS of $1.13 on revenue of $9.07B. That compared to EPS of $1.21 on revenue of $7.94B in the same period a year earlier. The company had reported EPS of $1.33 on revenue of $9.62B in the previous quarter.
Progressive shares lost 0.07% to trade at $76.40 in pre-market trade following the report.
For the year, Progressive shares are up 5.61%, outperforming the S&P 500 which is up 0.95% year to date.
Progressive follows other major Financial sector earnings this month
On Tuesday, January 14, 2020, JPMorgan reported fourth quarter EPS of $2.57 on revenue of $29.21B, compared to forecasts of EPS of $2.35 on revenue of $27.87B.
Mastercard earnings beat analyst's expectations on Wednesday, with fourth quarter EPS of $1.96 on revenue of $4.41B. Investing.com analysts expected EPS of $1.87 on revenue of $4.4B
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