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NEWARK, N.J. (AP) — NEWARK, N.J. (AP) — Prudential Financial Inc. (PRU) on Tuesday reported first-quarter profit of $1.46 billion.
On a per-share basis, the Newark, New Jersey-based company said it had profit of $3.93. Earnings, adjusted for non-recurring gains, came to $2.66 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.02 per share.
The financial services company posted revenue of $15.1 billion in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $13.29 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a PRU">Zacks stock report on PRU at https://www.zacks.com/ap/PRU