DES MOINES, Iowa (AP) — DES MOINES, Iowa (AP) — Principal Financial Group Inc. (PFG) on Thursday reported second-quarter profit of $353.1 million.
The Des Moines, Iowa-based company said it had net income of $1.49 per share. Earnings, adjusted for non-recurring costs, were $1.63 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.
The financial services company posted revenue of $4.31 billion in the period. Its adjusted revenue was $4.07 billion, topping Street forecasts. Five analysts surveyed by Zacks expected $3.78 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFG at https://www.zacks.com/ap/PFG
