WASHINGTON (dpa-AFX) - Principal Financial Group Inc. (PFG) announced earnings for its second quarter that rose compared to the same period last year.
The company said its bottom line came in at $322.3 million, or $1.15 per share. This was higher than $241.1 million, or $1.09 per share, in last year's second quarter.
Analysts had expected the company to earn $1.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 11.4% to $3.03 billion. This was down from $3.42 billion last year.
Principal Financial Group Inc. earnings at a glance:
-Earnings (Q2): $322.3 Mln. vs. $241.1 Mln. last year. -Earnings Growth (Y-o-Y): 33.7% -EPS (Q2): $1.15 vs. $1.09 last year. -EPS Growth (Y-o-Y): 5.5% -Analysts Estimate: $1.06 -Revenue (Q2): $3.03 Bln vs. $3.42 Bln last year. -Revenue Change (Y-o-Y): -11.4%
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