Investing.com - Progressive (NYSE:PGR) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Progressive announced earnings per share of $1.84 on revenue of $10.14B. Analysts polled by Investing.com anticipated EPS of $1.74 on revenue of $9.8B.
Progressive shares are up 18.65% from the beginning of the year , still down 0.65% from its 52 week high of $86.45 set on July 15. They are outperforming the S&P 500 which is down 0.09% from the start of the year.
Progressive shares gained 1.65% in intra-day trade following the report.
Progressive follows other major Financial sector earnings this month
Progressive's report follows an earnings beat by JPMorgan on Tuesday, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.19 on revenue of $30.41B.
UnitedHealth had beat expectations on Wednesday with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.18 on revenue of $63.34B.
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