DES MOINES, Iowa (AP) — DES MOINES, Iowa (AP) — Principal Financial Group Inc. (PFG) on Thursday reported a loss of $220 million in its third quarter.
On a per-share basis, the Des Moines, Iowa-based company said it had a loss of 95 cents. Earnings, adjusted for investment costs, were $1.76 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.
The financial services company posted revenue of $3.01 billion in the period. Its adjusted revenue was $3.67 billion, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $3.92 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