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11:18 EDTPGR
theflyonthewall.com: Progressive moves higher after reporting October quarter results
Yesterday after the close, Progressive reported Q3 EPS of 16c and operating EPS of 14c, besting the consensus estimate of 11c but below last year's EPS of 22c. Net premiums written in the quarter totaled $1.3B, above the $1.26B in premiums written in the same quarter in 2008. The results have Progressive shares up nearly 3%, or 49c, to $17.26 in mid-morning trading. :theflyonthewall.com



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