DES MOINES, Iowa (AP) 鈥� DES MOINES, Iowa (AP) 鈥� Principal Financial Group Inc. (PFG) on Monday reported second-quarter net income of $403.4 million.
The Des Moines, Iowa-based company said it had net income of $1.84 per share. Earnings, adjusted for non-recurring costs, came to $2.50 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share.
The financial services company posted revenue of $3.91 billion in the period. Its adjusted revenue was $3.99 billion, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $4.11 billion.
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