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Prudential Financial (PRU) Misses Q2 EPS by 6c

August 1, 2018 4:33 PM

Prudential Financial (NYSE: PRU) reported Q2 EPS of $3.01, $0.06 worse than the analyst estimate of $3.07.

John Strangfeld, Chairman and CEO, commented on results:

“We are pleased with performance for the first half of the year with an annualized adjusted operating return on equity above our 12-13% target and positive growth metrics across our businesses. In the second quarter we significantly strengthened the reserves of our divested businesses, while maintaining a strong capital position. We returned approximately $760 million to shareholders through dividends and share repurchases in the quarter, and we expect to continue this robust level of capital return through the year.

Looking ahead, we continue to invest in our businesses and our people to broaden and deepen the value we bring to our retail and institutional relationships. Our customer-centric business model enables us to deliver innovative, integrated solutions, including financial wellness, across individual and workplace customer segments, partnering in a way that addresses the full picture of needs. Our employees are at the heart of our purpose-driven culture, which aspires to unlock financial opportunities for more people.”

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

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