ST. PAUL (dpa-AFX) - The Travelers Companies Inc. (TRV) revealed earnings
for its first quarter that increased from last year but missed the Street
estimates.
The company's bottom line came in at $1.12 billion, or $4.80 per share. This
compares with $975 million, or $4.13 per share, in last year's first quarter.
Excluding items, The Travelers Companies Inc. reported adjusted earnings of
$1.10 billion or $4.69 per share for the period.
Analysts on average had expected the company to earn $4.90 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 15.8% to $11.23 billion from $9.70
billion last year.
The Travelers Companies Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $1.12 Bln. vs. $975 Mln. last year.
-EPS (Q1): $4.80 vs. $4.13 last year.
-Revenue (Q1): $11.23 Bln vs. $9.70 Bln last year.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX