Progressive (NYSE:PGR) shares are trading lower after third quarter results showed GAAP earnings per share of $4.37, short of the roughly $4.42 to $4.43 estimate, driven by pretax realized investment losses of $170 million that cut net income by 3%. Net premiums written rose …
State Street (NYSE:STT) shares are trading sharply lower after revenue of approximately $4.0 billion narrowly missed the roughly $4.03 billion to $4.04 billion consensus estimate, even as the bank reported record servicing and management fees and a record $59.2 trillion in assets under custody …
● GAAP net income fell about 63% to US$6.6 million, or US$0.07 per diluted share.
● Adjusted EBITDA margin eased to 54.7% from 56.1%.
● They mature on 15 November 2028 and are redeemable from 15 February 2027.
● The company may redeem the notes at 100% of principal from 15 February 2027.
● The redemption value was $10.12 per public share at 30 June 2026.
● The offering reached 28,386,008 units and gross proceeds of about US$283.9 million.
● Holders could trade shares and warrants separately from 10 April 2026.
● Dividends equal $1.59375 per share annually, payable quarterly when authorised by the board.