The Travelers Companies Inc. Q2 adjusted earnings Miss Estimates

The Travelers Companies Inc. (TRV) released earnings for second quarter that fell from the same period last year.

The company’s profit totaled $524 million, or $1.92 per share. This compares with $595 million, or $2.11 per share, in last year’s second quarter.

Excluding items, The Travelers Companies Inc. reported adjusted earnings of $494 million or $1.81 per share for the period.

Analysts had expected the company to earn $2.42 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 4.2% to $7.48 billion from $7.18 billion last year.

The Travelers Companies Inc. earnings at a glance:

-Earnings (Q2): $494 Mln. vs. $543 Mln. last year.
-EPS (Q2): $1.81 vs. $1.92 last year.
-Analysts Estimate: $2.42
-Revenue (Q2): $7.48 Bln vs. $7.18 Bln last year.

by RTTNews Staff Writer

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