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UBS analyst Brian Meredith asks how much of the YoverY increase in the loss ratios in the direct side is attributable to new business penalty. $PGR says that there is a bit of an uptick in frequency and severity. The company has some modest unfavorable developments for the year vs. a little less than 2 points of favorable developments last year.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.