NEWARK, N.J. (AP) — NEWARK, N.J. (AP) — Prudential Financial Inc. (PRU) on Tuesday reported fourth-quarter profit of $905 million.
On a per-share basis, the Newark, New Jersey-based company said it had net income of $2.55. Earnings, adjusted for non-recurring costs, were $3.30 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.37 per share.
The financial services company posted revenue of $14.52 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $13.69 billion.
For the year, the company reported profit of $3.58 billion, or $9.99 per share. Revenue was reported as $57.68 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 PRU at https://www.zacks.com/ap/PRU
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