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DES MOINES, Iowa (AP) — DES MOINES, Iowa (AP) — Principal Financial Group Inc. (PFG) on Thursday reported fourth-quarter net income of $905.4 million.
The Des Moines, Iowa-based company said it had profit of $3.92 per share. Earnings, adjusted for non-recurring gains, came to $1.94 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.
The financial services company posted revenue of $4.75 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $4.03 billion.
For the year, the company reported profit of $1.57 billion, or $6.68 per share.
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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