Travelers Companies (TRV) reported fourth quarter operating income of $0.72 per share Tuesday morning, down from $1.48 per share a year ago. The consensus estimate was for EPS of $0.14. Total revenues grew 2 percent to $6.48 billion from $6.37 billion in the same quarter last year. The consensus estimate was for revenues of $5.34 billion.
Travelers gapped open sharply higher Tuesday, but retreated during the first hour of trade, before settling into a range. The stock closed up by 1.64 at $77.95 on above average volume. Travelers has been gaining ground for the last 3 weeks and set a new high for the year.
by RTT Staff Writer
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