The Travelers Companies Inc. Q3 adjusted earnings Miss Estimates

(RTTNews) - The Travelers Companies Inc. (TRV) reported a profit for its third quarter that advanced from last year.

The company's profit totaled $827 million, or $3.23 per share. This compares with $396 million, or $1.50 per share, in last year's third quarter.

Excluding items, The Travelers Companies Inc. reported adjusted earnings of $798 million or $3.12 per share for the period.

Analysts had expected the company to earn $3.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.4% to $8.28 billion from $8.01 billion last year.

The Travelers Companies Inc. earnings at a glance:

-Earnings (Q3): $798 Mln. vs. $378 Mln. last year. -EPS (Q3): $3.12 vs. $1.43 last year. -Analysts Estimate: $3.16 -Revenue (Q3): $8.28 Bln vs. $8.01 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.

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