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Earnings Watch For April 11 (PGR, APOG)

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Progressive Corp. (PGR: Quote) is due to post quarterly results. For the first quarter, earnings are expected to decline to $0.39 per share from $0.45 per share in the prior year. Besides, for the quarter, the auto insurance group is anticipated to generate revenues of $4.11 billion, higher than last year's $3.90 billion. PGR closed Tuesday's session at $22.75. (The stock rose almost 21% in Q1; MA(50)- $21.98; MA(100)- $20.54; 52-wk H/L $23.41/$16.88)

Apogee Enterprises, Inc. (APOG: Quote) is scheduled to report results for the fourth quarter. The company is expected to report earnings of $0.06 per share compared to the loss of $0.12 per share last year, on revenues of $166.51 million. The shares closed trade on Tuesday at $13.01. (The stock up about 6% in Q4; MA(50)- $13.59; MA(100)- $12.77; 52-wk H/L $15.05/$7.79)

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Fashion retailer Gap Inc. said Thursday after the markets closed that its second quarter profit rose 10% from last year, helped by higher sales and a gain from asset sale. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarter sales. Separately, Gap announced plans to enter India through franchise-operated Gap brand stores in 2015. While buying interest was somewhat subdued, stocks moved mostly higher over the course of the trading day on Thursday. The gains on the day extended the recent upward trend by the markets, lifting the S&P 500 to a new record closing high. Republicans have not found much to like about President Barack Obama's nearly six years in office, but the results of a new Washington Post-ABC News poll show that a vast majority support the president's decision to launch airstrikes in Iraq.
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