News Formal

Travelers stock up 3.5% premarket after Q1 earnings blow past estimates

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Travelers Cos. Inc.’s stock jumped 3.5% in premarket trade Wednesday, after the insurer blew past earnings estimates for the first quarter. The company...

Travelers Cos. Inc.’s stock TRV jumped 3.5% in premarket trade Wednesday, after the insurer blew past earnings estimates for the first quarter. The company posted net income of $975 million, or $4.13 a share, for the period, compared with $1.018 billion, or $4.15 a share, in the year-earlier period. Adjusted per-share earnings came to $4.11, well ahead of the $3.56 FactSet consensus. Revenue rose 10% to $9.704 billion from $8.809 billion, also well ahead of the $9.340 billion FactSet consensus.

15 a share, in the year-earlier period. Adjusted per-share earnings came to $4.11, well ahead of the $3.56 FactSet consensus. Revenue rose 10% to $9.704 billion from $8.809 billion, also well ahead of the $9.340 billion FactSet consensus. Net written premiums rose 12% to $9.396 billion. The company’s underlying combined ratio, a measure of overall profitability, stood at 90.6%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: Charles Schwab, Dell, Alphabet, HP Inc. & moreJPMorgan downgraded Dell to neutral from overweight, citing its preference for HP's expected recovery in the PC segment.
Source: CNBC - 🏆 12. / 72 Read more »