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DES MOINES, Iowa (AP) — DES MOINES, Iowa (AP) — Principal Financial Group Inc. (PFG) on Monday reported a loss of $871.7 million in its fourth quarter.
The Des Moines, Iowa-based company said it had a loss of $3.66 per share. Earnings, adjusted for non-recurring costs, came to $1.83 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The financial services company posted revenue of $2.69 billion in the period. Its adjusted revenue was $4.24 billion, which also beat Street forecasts. Six analysts surveyed by Zacks expected $3.53 billion.
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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