Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1701
    +0.0008 (+0.07%)
     
  • GBP/USD

    1.2638
    +0.0016 (+0.13%)
     
  • Bitcoin GBP

    55,760.39
    -530.28 (-0.94%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

Prudential: 1Q Earnings Snapshot

Prudential: 1Q Earnings Snapshot

NEWARK, N.J. (AP) _ Prudential Financial Inc. (PRU) on Wednesday reported first-quarter earnings of $932 million.

On a per-share basis, the Newark, New Jersey-based company said it had profit of $2.22. Earnings, adjusted for non-recurring costs, were $3 per share.

The results missed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $3.14 per share.

The financial services company posted revenue of $13.65 billion in the period, which also missed Street forecasts. Seventeen analysts surveyed by Zacks expected $13.74 billion.

Prudential shares have increased 28% since the beginning of the year, while the Standard & Poor's 500 index has climbed 17%. In the final minutes of trading on Wednesday, shares hit $104.55, a decline of 1.5% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRU at https://www.zacks.com/ap/PRU