DES MOINES, Iowa (AP) — DES MOINES, Iowa (AP) — Principal Financial Group Inc. (PFG) on Monday reported third-quarter net income of $213.8 million.
On a per-share basis, the Des Moines, Iowa-based company said it had profit of 95 cents. Earnings, adjusted for non-recurring costs, came to $2.10 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share.
The financial services company posted revenue of $3.68 billion in the period. Its adjusted revenue was $3.9 billion, which also missed Street forecasts. Four analysts surveyed by Zacks expected $4.07 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
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