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Thursday, October 13, 2011

Company Results Wrapup: (PGR), (TSE: VLN), (SAR), (HST)

Progressive Corp (PGR) announced their most recent earnings results for the quarter ended in September 2011. Earnings came in at $0.24 per share compared to analyst estimates of $0.27 per share. Earnings were unexpectedly -11.11% lower or $-0.03 per share below estimates. Investors might expect the stock price to decrease as earnings were worse than expected. Further analysis may need to be conducted to determine whether the downswing will occur. There are currently 18 analysts covering this firm. Investors can look to their reports for more information. Shares of PGR fell by 1.35% or $-0.25/share to $18.25. In the past year, the shares have traded as low as $16.88 and as high as $22.13. On average, 5640640 shares of PGR exchange hands on a given day and today's volume is recorded at 149758.

Canadian listed Velan Inc (VLN) reported earnings results for the quarter ended August 2011. Analysts were expecting $0.06 per share, and the company reported $-0.02 per share. Earnings were unexpectedly -133.33% lower than estimated. Investors could expect the stock price to fall as earnings were below expectations. Examining previous stock price movement may help to further determine the direction of the share price. Guidance, stock price, and revenue estimates must be considered as well. Shares of VLN fell by 1.84% or $-0.24/share to $12.81. In the past year, the shares have traded as low as $12.80 and as high as $16.80. On average, 1233 shares of VLN.TO exchange hands on a given day and today's volume is recorded at 300.

Saratoga Investment Corp (SAR) announced their most recent earnings results for the quarter ended in August 2011. The company reported $0.83 per share when analysts were expecting earnings of $0.5. Earnings beat expectations by $0.33 per share or 66.0%. Investors might expect the stock price to rise on better than expected results. Further analysis on other trends may need to be completed to determine whether the upswing will be confirmed. Guidance, stock price, and revenue estimates must be considered as well. A total of 1 analyst is currently covering this company. Shares of SAR traded higher by 0.06% or $0.01/share to $16.10. In the past year, the shares have traded as low as $15.86 and as high as $22.92. On average, 6844 shares of SAR exchange hands on a given day and today's volume is recorded at 100.

Host Hotels & Resorts Inc (HST) reported earnings results for the quarter ended September 2011. The company reported $0.16 per share when analysts were expecting earnings of $0.17. Earnings were unexpectedly -5.88% lower than estimated. Investors could expect the stock price to decrease as earnings were worse than expected. Further analysis may need to be conducted to determine whether the downswing will occur. A total of 18 analysts are currently covering this company. Shares of HST fell by 2.7% or $-0.32/share to $11.52. In the past year, the shares have traded as low as $9.78 and as high as $19.88. On average, 11508800 shares of HST exchange hands on a given day and today's volume is recorded at 309183.