PGR - Progressive

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  1. T0rm3nted

    T0rm3nted Moderator
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    The Progressive Corporation is one of the largest providers of car insurance in the United States. The company also insures motorcycles, boats, RVs and commercial vehicles, and provides home insurance through select companies. Progressive has expanded internationally as well, offering car insurance in Australia. The company was co-founded in 1937 by Jack Green and Joseph M. Lewis, and is headquartered in Mayfield Village, Ohio.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Progressive (PGR) Stock Stumbles as Q1 Results Falls Short of Estimates
    NEW YORK (TheStreet) -- Progressive Corp. (PGR - Get Report) stock is tumbling by 2.7% to $33.82 on Thursday, after the company posted lower-than-expected fiscal 2016 first quarter earnings this morning.

    The Mayfield Village, OH-based company reported adjusted earnings of 42 cents a share, falling short of Wall Street's estimates of 50 cents a share.

    Revenue of $5.54 billion also came under forecasts of $5.69 billion.


    Read full article here: http://www.thestreet.com/story/1353...s-as-q1-results-falls-short-of-estimates.html

    The stock closed down 3.42%.
     

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