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Earnings Watch For April 11 (PGR, APOG)

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4/11/2012 5:38 AM ET

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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Restaurant operator Yum! Brands Inc. said Tuesday after the markets closed that its first quarter profit rose 18% from last year, helped by strong performance of its China division. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. After trending higher over the past several sessions, stocks saw some further upside during trading on Tuesday. A positive reaction to the latest corporate news contributed to the continued buying interest, lifting the Dow and the S&P 500 back near their record highs. In a blow to supporters of affirmative action, the Supreme Court on Tuesday upheld a voter-approved ban on using race as a factor in college admissions at Michigan's state-run universities. The court ruled 6 to 2 that the state law banning the use of racial preferences does not violate the U.S. Constitution, although the court was splintered on the reasoning for the decision.
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