NEWARK, N.J. (AP) — NEWARK, N.J. (AP) — Prudential Financial Inc. (PRU) on Tuesday reported first-quarter net income of $597 million.
On a per-share basis, the Newark, New Jersey-based company said it had profit of $1.68. Earnings, adjusted for non-recurring costs, were $3.61 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.24 per share.
The financial services company posted revenue of $15.23 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $14.19 billion.
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