Correction: Earns-Prudential story

NEWARK, N.J. (AP) — In a story about Prudential Financial’s quarterly results — generated by Automated Insights using data from Zacks Investment Research — The Associated Press reported erroneously that the company posted first-quarter net income of $2.78 billion. Its net income for the quarter was $2.83 billion.

A corrected version of the story is below:

Prudential: Q1 Earnings Snapshot

Prudential: Q1 Earnings Snapshot

NEWARK, N.J. (AP) — NEWARK, N.J. (AP) — Prudential Financial Inc. (PRU) on Tuesday reported first-quarter net income of $2.83 billion, after reporting a loss in the same period a year earlier.

On a per-share basis, the Newark, New Jersey-based company said it had net income of $6.98. Earnings, adjusted for non-recurring gains, came to $4.11 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.68 per share.

The financial services company posted revenue of $14.22 billion in the period.

Prudential shares have climbed 30% since the beginning of the year, while the S&P’s 500 index has increased 11%. In the final minutes of trading on Tuesday, shares hit $101.67, a rise of 73% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PRU at

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