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%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

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%.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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.
La source: CNBC - 🏆 12. / 72 Lire la suite »