Investing.com - Progressive reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Progressive announced earnings per share of $0.20 on revenue of $13.02. Analysts polled by Investing.com anticipated EPS of $1.43 on revenue of $13.32B.
Progressive shares are up 18% from the beginning of the year and are trading at $119.85 , down-from-52-week-high.
Progressive shares lost 1.28% in pre-market trade the report.
Progressive follows other major Financial sector earnings this month
Progressive's report follows an earnings beat by BlackRock on Thursday, who reported EPS of $9.55 on revenue of $4.31B, compared to forecasts EPS of $7.65 on revenue of $4.35B.
FactSet Research had missed expectations on Thursday, September 22, 2022 with fourth quarter EPS of $3.13 on revenue of $499.3M (NYSE:MMM), compared to forecast for EPS of $3.21 on revenue of $487.34M.
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