Wednesday, April 21, 1999
TRISTATE MARKET SPOTLIGHT
Progressive Corp. stock takes dip
Progressive Corp. Tuesday erased most of an opening decline a day after the fifth-largest U.S. personal auto insurer reported strong revenue growth and lower-than-expected earnings.
Progressive, based in Mayfield Village, Ohio, dropped 933/4 cents to $136.06. Earlier, it fell as low as $127.371/2.
After markets closed Monday, Progressive said first-quarter profit from operations was up 1.2 percent to $104 million, or $1.39 a share. Analysts on average were expecting $1.48 a share. Progressive's revenue climbed 15 percent, to $1.55billion.
Ohio bankers prepare for Y2K
Ford hitches up with Ky. Speedway
Northlich Stolley LaWarre on 100 list
Daughters day includes breakfast
Elder-Beerman says earnings, outlook up
TRISTATE BUSINESS SUMMARY
INDUSTRY NOTES: MEDIA & MARKETING
TRISTATE MARKET SPOTLIGHT
