Investing.com - Travelers (NYSE:TRV) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Travelers announced earnings per share of $2.62 on revenue of $7.35B. Analysts polled by Investing.com anticipated EPS of $2.82 on revenue of $7.43B. That with comparison to EPS of $2.83 on revenue of $7.06B in the same period a year before. Travelers had reported EPS of $3.32 on revenue of $7.08B in the previous quarter. Analysts are expecting EPS of $1.9 and revenue of $7.72B in the upcoming quarter.
Travelers shares are down 25% from the beginning of the year , still down 34.37% from its 52 week high of $155.09 set on July 16, 2019. They are under-performing the Dow 30 which is down 17.42% year to date.
Travelers follows other major Financial sector earnings this month
Travelers's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on April 15 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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