Travelers Companies Inc. (TRV) reported third quarter operating income of $2.22 per share Thursday morning, compared to $0.79 per share last year. The consensus estimate was for EPS of $1.61. Total revenues increased to $6.51 billion from $6.41 billion. The consensus estimate was for revenues of $5.79 billion.
Travelers gapped open sharply higher Thursday, but traded in a range for the majority of the session. The stock ended the day with a gain of 2.56 at $73.94, with volume at a 7-month high. Travelers climbed to its third consecutive new high for the year.
by RTT Staff Writer
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