Prudential Financial (PRU) Misses Q1 EPS by 19c

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Go back to Prudential Financial (PRU) Misses Q1 EPS by 19c

Prudential Financial, Inc. Announces First Quarter 2016 Results

May 4, 2016 4:18 PM EDT

NEWARK, N.J.--(BUSINESS WIRE)--

Prudential Financial, Inc. (NYSE: PRU):

After-tax adjusted operating income of $997 million, or $2.18 per Common share, compared to $2.79 per Common share for year-ago quarter.

- Current quarter adjusted operating income includes a pre-tax charge of $53 million in Individual Annuities to reflect the impact of market performance on deferred policy acquisition and other costs and reserves for guaranteed death and income benefits, with an unfavorable impact of approximately 8 cents per Common share.

- For... More