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Earnings roundup: FCStone, Progressive



By AP
10 July 2008 @ 02:30 pm EST

Among the earnings stories for Thursday, July 10, from AP Financial News:

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FCSX 14.45 -2.44
PGR 15.61 -1.07

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KANSAS CITY, Mo. (AP)--FCStone Group Inc., a commodity risk management firm, said Thursday its fiscal third-quarter profit dropped less than 1 percent, but earnings were well short of analysts' expectations, sending shares plummeting in early trading.

MAYFIELD VILLAGE, Ohio (AP)--Auto insurer Progressive Corp. said Thursday its profit dropped 24 percent in the second quarter, hurt by a slight decline in net premiums written and hefty losses on investments.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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