Progressive Earnings, Revenue Miss in Q1
2022.04.14 15:56
Progressive Earnings, Revenue Miss in Q1
Investing.com – Progressive reported on Thursday first quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Progressive announced earnings per share of $0.52 on revenue of $11.8B. Analysts polled by Investing.com anticipated EPS of $1.24 on revenue of $12.89B.
Progressive shares are up 10% from the beginning of the year, still down 5.21% from its 52 week high of $120.17 set on April 8. They are outperforming the S&P 500 which is down 6.71% from the start of the year.
Progressive shares lost 2.34% in pre-market trade following the report.
Progressive follows other major Financial sector earnings this month
Progressive’s report follows an earnings missed by JPMorgan on Wednesday, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.7 on revenue of $30.63B.
Industrial Commercial Bank of China had beat expectations on March 30 with first quarter EPS of $0.7567 on revenue of $34.21B, compared to forecast for EPS of $0.5946 on revenue of $32.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
