Progressive Earnings beat, Revenue misses In Q4

  • Investing.com
  • Stock Market News
Progressive Earnings beat, Revenue misses In Q4
Credit: © Reuters.

Investing.com - Progressive (NYSE: PGR ) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Progressive announced earnings per share of $2.85 on revenue of $9.54B. Analysts polled by Investing.com anticipated EPS of $1.64 on revenue of $10.5B.

Progressive shares are down 7.24% from the beginning of the year and are trading at $90.50 , down-from-52-week-high.They are under-performing the S&P 500 which is up 2.49% from the start of the year.

Progressive shares lost 1.33% in pre-market trade the report.

Progressive follows other major Financial sector earnings this month

Progressive's report follows an earnings beat by JPMorgan on Friday, January 15, 2021, who reported EPS of $3.79 on revenue of $30.16B, compared to forecasts EPS of $2.62 on revenue of $28.67B.

UnitedHealth had beat expectations on Wednesday, January 20, 2021 with fourth quarter EPS of $2.52 on revenue of $65.47B, compared to forecast for EPS of $2.41 on revenue of $64.96B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100