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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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Editors Pick
After moving moderately lower in early trading on Monday, stocks have seen further downside as the trading day has progressed. With the drop on the day, the Dow has pulled back well off last Friday's record closing high. After reporting four consecutive monthly increases, the National Association of Realtors released a report on Monday showing an unexpected drop in U.S. existing home sales in the month of August. NAR said existing home sales fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million in August. The European Central Bank remains ready to use additional unconventional tools to counter risks to the inflation outlook and to boost the euro area economy, ECB President Mario Draghi said on Monday. "The Governing Council remains fully determined to counter risks to the medium-term outlook for inflation," Draghi said in Brussels.
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