Travelers Earnings, Revenue Beat in Q1 -Breaking
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© Reuters. In Q1, Travelers Beat RevenueOn Tuesday, Investing.com reported that the first quarter exceeded analysts’ expectations and that revenue was higher than expected.
On revenue of $8.37B, Travelers reported earnings per share at $4.22. Investing.com polled analyst to predict EPS at $3.43 for $8.03B in revenue.
While Travelers shares have increased 18% over the course of the year so far, they are still down 1.47 percent from March 28, when it hit a 52 week high at $187.98. They have outperformed the Dow Jones by 5.3%, down from its start.
Follow this month’s major financial sector earnings by Travelers
The report by Travelers follows an earnings miss from JPMorgan, which reported EPS at $2.63 per share on $30.72B revenue, as opposed to the forecasts of EPS at $2.69 for $30.856M revenue.
Bank of America beat all expectations Monday, posting a first quarter earnings per share of $0.8 on $23.23B in revenue. This compares to the $0.7492 forecasted for revenue of $23.18B.
Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar
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