Prudential Financial (PRU) Misses Q2 EPS by 61c

Prudential Financial (NYSE: PRU) reported Q2 EPS of $2.09, $0.61 worse than the analyst estimate of $2.70.

John Strangfeld, Chairman and CEO, commented on results:

“We delivered solid underlying results in the second quarter, as we continue to benefit from our high quality and balanced collection of businesses. This includes strong core earnings overall and record assets under management and account values in Asset Management, Retirement and Individual Annuities. While we experienced some volatility in reported results following our annual review of actuarial assumptions, the earnings power and capital position of our combined businesses are largely unaffected. In addition, our strong cash flows and capital position enabled us to return approximately $640 million to shareholders through dividends and share repurchases. We continue to invest in our businesses where we see attractive long-term opportunities and have recently announced changes to the alignment of our U.S. Businesses to best capture these opportunities within and across our domestic businesses.”

For earnings history and earnings-related data on Prudential Financial (PRU) click here.

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