Prudential Financial (PRU) Misses Q3 EPS by 21c

Prudential Financial (NYSE: PRU) reported Q3 EPS of $2.20, $0.21 worse than the analyst estimate of $2.41.

"We are pleased with the underlying performance of our businesses in the third quarter and continue to believe we are well positioned to capitalize on future opportunities in both our domestic and international operations. In the U.S., results are benefiting from good organic growth over the last several years, particularly in Retirement and Asset Management, solid performance in our insurance businesses, and the benefits of market performance over the past year in our fee-based businesses. We completed or announced several key pension risk transfer deals recently, including a landmark longevity reinsurance transaction. Our international businesses performed well in the quarter, showing increased sales levels overall and continued strong earnings and returns,” said Chairman and Chief Executive Officer John Strangfeld.

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

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