Investors Lift 4 Hot Financial Stocks After Earnings Reports
The Travelers Companies, Inc. (NYSE:TRV) generated a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income decreased 0% to $618 million (78 cents per diluted share) in the quarter versus a net gain of $618 million in the year-earlier quarter. Revenue rose 1.68% to $6.48 billion from the year-earlier quarter.
The Travelers Companies, Inc. reported adjusted net income of 78 cents per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $5.34 billion.