UPDATE: Progressive Q2 EPS $1.10 Beats $0.94 Estimate, Sales $12.15B Miss $12.46B Estimate

Progressive (NYSE:PGR) reported quarterly earnings of $1.10 per share which beat the analyst consensus estimate of $0.94 by 17.02 percent. This is a 52.78 percent increase over earnings of $0.72 per share from the same period last year. The company reported quarterly sales of $12.15 billion which missed the analyst consensus estimate of $12.46 billion by 2.50 percent. This is a 10.62 percent increase over sales of $10.98 billion the same period last year.