Principal Financial: Q3 Earnings Snapshot

DES MOINES, Iowa (AP) — DES MOINES, Iowa (AP) — Principal Financial Group Inc. (PFG) on Monday reported third-quarter net income of $631.9 million.

The Des Moines, Iowa-based company said it had net income of $2.91 per share. Earnings, adjusted for non-recurring gains, were $2.22 per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.46 per share.

The financial services company posted revenue of $4.62 billion in the period. Its adjusted revenue was $4.28 billion, also missing Street forecasts. Four analysts surveyed by Zacks expected $4.31 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