Progressive Shares Down After Reporting Lower 3Q Profit, Earnings
Dow Jones2026/10/14 16:56By Katherine Hamilton
Progressive shares retreated after net income came in below estimates.
The stock declines 6% to $209.34 on Wednesday. Shares are down 8% this year.
Net income in the third quarter declined 3% to $2.54 billion, missing analysts' projections of $2.56 billion, according to FactSet.
Earnings per share of $4.37 were also below the $4.42 that Wall Street was projecting.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
October 14, 2026 12:56 ET (16:56 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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