Investing.com - Progressive (NYSE:PGR) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.83 on revenue of $9.24B. Analysts polled by Investing.com anticipated EPS of $1.36 on revenue of $9.08B. That compared to EPS of $1.15 on revenue of $7.97B in the same period a year earlier. The company had reported EPS of $1.21 on revenue of $7.94B in the previous quarter.
Progressive shares gained 1.44% to trade at $73.30 in pre-market trade following the report.
Progressive shares gained 1.44% to trade at $73.30 in pre-market trade following the report.
For the year, Progressive shares are up 19.77%, outperforming the S&P 500 which is up 17.3% year to date.
Progressive follows other major Financial sector earnings this month
On Friday, JPMorgan reported first quarter EPS of $2.65 on revenue of $29.85B, compared to forecasts of EPS of $2.35 on revenue of $28.44B.
Bank of America earnings beat analyst's expectations on Tuesday, with first quarter EPS of $0.7 on revenue of $23B. Investing.com analysts expected EPS of $0.66 on revenue of $23.2B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar