Progressive Earnings inline, Income Beats In Q1 By


© Reuters. Progressive Earnings inline, Income Beats In Q1 – Progressive (NYSE:) reported on Thursday first quarter that matched analysts’ forecasts and income that topped expectations.

Progressive introduced earnings per share of $1.72 on income of $11.73B. Analysts polled by anticipated EPS of $1.72 on income of $11.01B.

Progressive shares are up 1.13% from the start of the 12 months, nonetheless down 1.98% from its 52 week excessive of $102.02 set on October 13, 2020. They’re under-performing the S&P 500 which is up 10.94% from the beginning of the 12 months.

Progressive shares gained 2.90% in intra-day commerce following the report.

Progressive follows different main Monetary sector earnings this month

Progressive’s report follows an earnings beat by JPMorgan on Wednesday, who reported EPS of $4.5 on income of $33.12B, in comparison with forecasts EPS of $3.06 on income of $30.46B.

UnitedHealth had beat expectations on Thursday with first quarter EPS of $5.31 on income of $70.2B, in comparison with forecast for EPS of $4.38 on income of $69.03B.

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