DES MOINES, Iowa (AP) 鈥� DES MOINES, Iowa (AP) 鈥� Principal Financial Group Inc. (PFG) on Thursday reported first-quarter net income of $424.6 million.
On a per-share basis, the Des Moines, Iowa-based company said it had profit of $1.93. Earnings, adjusted for investment costs, came to $2.07 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.
The financial services company posted revenue of $3.53 billion in the period. Its adjusted revenue was $3.52 billion, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $4.11 billion.
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