Principal Financial: Q4 Earnings Snapshot - Quartz

DES MOINES, Iowa (AP) — DES MOINES, Iowa (AP) — Principal Financial Group Inc. (PFG) on Monday reported a loss of $871.7 million in its fourth quarter.

On a per-share basis, the Des Moines, Iowa-based company said it had a loss of $3.66. Earnings, adjusted for non-recurring costs, came to $1.83 per share.

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The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.

The financial services company posted revenue of $2.69 billion in the period. Its adjusted revenue was $4.24 billion, which also beat Street forecasts. Six analysts surveyed by Zacks expected $3.53 billion.

For the year, the company reported profit of $623.2 million, or $2.55 per share. Revenue was reported as $14.66 billion.

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This story was generated by Automated Insights (https://ift.tt/4l8rmfE) using data from Zacks Investment Research. Access a Zacks stock report on PFG at https://ift.tt/tK8csAh

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Principal Financial: Q4 Earnings Snapshot - Quartz
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