NEWARK, N.J. (AP) — NEWARK, N.J. (AP) — Prudential Financial Inc. (PRU) on Tuesday reported second-quarter earnings of $511 million.
The Newark, New Jersey-based company said it had net income of $1.38 per share. Earnings, adjusted for non-recurring costs, came to $2.94 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.04 per share.
The financial services company posted revenue of $12.64 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $12.68 billion.
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