Principal Financial: 2Q Earnings Snapshot
DES MOINES, Iowa (AP) _ Principal Financial Group Inc. (PFG) on Thursday reported second-quarter earnings of $386.3 million.
On a per-share basis, the Des Moines, Iowa-based company said it had profit of $1.37. Earnings, adjusted for investment costs, were $1.52 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.
The financial services company posted revenue of $3.97 billion in the period. Its adjusted revenue was $3.98 billion.
Principal Financial shares have risen 36% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. In the final minutes of trading on Thursday, shares hit $60.09, a rise of 9% in the last 12 months.