Principal Financial: Q3 Earnings Snapshot
By AP News
Published - Oct 24, 2024, 04:29 PM ET
Last Updated - Dec 16, 2024, 06:00 PM EST
DES MOINES, Iowa (AP) — DES MOINES, Iowa (AP) — Principal Financial Group Inc. (PFG) on Thursday reported a loss of $220 million in its third quarter.
On a per-share basis, the Des Moines, Iowa-based company said it had a loss of 95 cents. Earnings, adjusted for investment costs, were $1.76 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.
The financial services company posted revenue of $3.01 billion in the period. Its adjusted revenue was $3.67 billion, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $3.92 billion.
