Progressive Shares Active After Q1 Results - Progressive (NYSE:PGR)

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Progressive Corp. (NYSE: PGR) released its fiscal Q1 earnings results on Wednesday prior to the opening bell. The company reported net income of $257.6 million or $0.42 per share, compared to $362.9 million or $0.55 per share, in the year ago period. This compared to Wall Street analysts' consensus EPS estimates of $0.39. Net premiums written in the quarter were $41.6 billion, which compared to Wall Street consensus revenue estimates of $4.11 billion. On Wednesday, PGR shares fell in early trading, but have been retracing some of the losses throughout the day. At last check, the stock was down 0.57% to $22.62. Around 6.7 million PGR shares have traded hands on the session, which is above the 3-month daily average volume of around 5 million.

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