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DES MOINES, Iowa (AP) — DES MOINES, Iowa (AP) — Principal Financial Group Inc. (PFG) on Thursday reported first-quarter net income of $48.1 million.
The Des Moines, Iowa-based company said it had net income of 21 cents per share. Earnings, adjusted for investment costs, came to $1.81 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The financial services company posted revenue of $3.7 billion in the period. Its adjusted revenue was $4.01 billion, beating Street forecasts. Five analysts surveyed by Zacks expected $3.97 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFG at https://www.zacks.com/ap/PFG