Investing.com - Progressive reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Progressive announced earnings per share of $1.63 on revenue of $11.6B. Analysts polled by Investing.com anticipated EPS of $0.9935 on revenue of $11.05B.
Progressive shares are up 6% from the beginning of the year and are trading at $110.02 , down-from-52-week-high.They are outperforming the S&P 500 which is down 8.6% from the start of the year.
Progressive shares gained 0.66% in pre-market trade after the report.
Progressive follows other major Financial sector earnings this month
Progressive's report follows an earnings beat by JPMorgan on Friday, January 14, 2022, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on Wednesday, January 19, 2022 with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
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