ST. PAUL (dpa-AFX) - The Travelers Companies Inc. (TRV) revealed earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $395 million, or $1.70 per share. This compares with $1.123 billion, or $4.80 per share, last year.
Excluding items, The Travelers Companies Inc. reported adjusted earnings of $443 million or $1.91 per share for the period.
Analysts on average had expected the company to earn $0.77 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 5.2% to $11.810 billion from $11.228 billion last year.
The Travelers Companies Inc. earnings at a glance (GAAP) :
-Earnings: $395 Mln. vs. $1.123 Bln. last year. -EPS: $1.70 vs. $4.80 last year. -Revenue: $11.810 Bln vs. $11.228 Bln last year.
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