Travelers Companies Q2 Adj. EPS $0.06 Misses $2.08 Estimate, Sales $10.10B Beat $10.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Travelers Companies (NYSE:TRV) reported Q2 earnings of $0.06 per share, missing the analyst consensus estimate of $2.08 by 97.12%. This is a 97.67% decrease from the same period last year. However, the company reported quarterly sales of $10.10 billion, beating the analyst consensus estimate of $10.02 billion by 0.78%, a 10.53% increase from last year.
July 20, 2023 | 10:58 am
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NEUTRAL IMPACT
Travelers Companies reported a significant miss on Q2 earnings but beat sales estimates. This mixed result could lead to uncertainty in the market.
Travelers Companies reported a significant miss on earnings, which is a key indicator of a company's profitability. This could negatively impact the stock price. However, the company beat sales estimates, which could offset some of the negative impact. The net effect on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100