NEWARK, N.J. (AP) — NEWARK, N.J. (AP) — Prudential Financial Inc. (PRU) on Wednesday reported third-quarter profit of $448 million.
On a per-share basis, the Newark, New Jersey-based company said it had net income of $1.24. Earnings, adjusted for non-recurring costs, came to $3.48 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.47 per share.
The financial services company posted revenue of $19.48 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $14.57 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 PRU at https://www.zacks.com/ap/PRU