Travelers: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — The Travelers Cos. (TRV) on Wednesday reported first-quarter earnings of $1.12 billion.
The New York-based company said it had net income of $4.80 per share. Earnings, adjusted for investment gains, came to $4.69 per share.
The results missed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $4.75 per share.
The insurer posted revenue of $11.23 billion in the period. Its adjusted revenue was $11.19 billion, which met Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRV at https://www.zacks.com/ap/TRV