Markets
TRV

The Travelers Companies Inc. Q3 adjusted earnings Miss Estimates

(RTTNews) - The Travelers Companies Inc. (TRV) released earnings for third quarter that declined from the same period last year.

The company's earnings came in at $396 million, or $1.50 per share. This compares with $709 million, or $2.62 per share, in last year's third quarter.

Excluding items, The Travelers Companies Inc. reported adjusted earnings of $378 million or $1.43 per share for the period.

Analysts had expected the company to earn $2.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.2% to $7.57 billion from $7.06 billion last year.

The Travelers Companies Inc. earnings at a glance:

-Earnings (Q3): $378 Mln. vs. $687 Mln. last year. -EPS (Q3): $1.43 vs. $2.54 last year. -Analysts Estimate: $2.35 -Revenue (Q3): $7.57 Bln vs. $7.06 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

TRV

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More