Travelers' stock jumps after big profit beat, as revenue rose above forecasts
Marketwatch -

Shares of Travelers Companies Inc. jumped 2.5% in premarket trading Thursday, after the insurer reported a big profit beat, fueled by strong margins and returns from its investment portfolio. Net income rose to $1.33 billion, or $5.37 a share, from $1.31 billion, or $5.10 a share, in the year-ago period. Excluding nonrecurring items, core earnings per share rose to $5.20 from $4.91, well above the FactSet consensus of $3.86. Total revenue grew 7% to $9.01 billion, beating the FactSet consensus...

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