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Principal Financial: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

DES MOINES, Iowa (AP) — DES MOINES, Iowa (AP) — Principal Financial Group Inc. (PFG) on Thursday reported second-quarter profit of $353.1 million.

The Des Moines, Iowa-based company said it had net income of $1.49 per share. Earnings, adjusted for non-recurring costs, were $1.63 per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.

The financial services company posted revenue of $4.31 billion in the period. Its adjusted revenue was $4.07 billion, topping Street forecasts. Five analysts surveyed by Zacks expected $3.78 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