ST. PAUL (dpa-AFX) - The Travelers Companies Inc. (TRV) announced a profit for third quarter that declined compared to the same period last year.
The company said its bottom line totaled $701 million, or $2.40 per share. This was down from $918 million, or $2.93 per share, in last year's third quarter.
Analysts had expected the company to earn $2.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 2.4% to $6.96 billion. This was up from $6.80 billion last year.
The Travelers Companies Inc. earnings at a glance:
-Earnings (Q3): $701 Mln. vs. $918 Mln. last year. -Earnings Decline (Y-o-Y): -23.6% -EPS (Q3): $2.40 vs. $2.93 last year. -EPS Decline (Y-o-Y): -18.1% -Analysts Estimate: $2.31 -Revenue (Q3): $6.96 Bln vs. $6.80 Bln last year. -Revenue Change (Y-o-Y): 2.4%
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