By Aisha Al-Muslim

Prudential Financial Inc. (PRU) reported its first-quarter results after the close of trading Wednesday. Here's what you need to know.

PROFIT: Net income for the financial-services provider was $1.36 billion, or $3.14 a share, compared with $1.37 billion, or $3.09 a share, for the same quarter a year before. Adjusted earnings were $3.08 a share, beating the $2.98 a share analysts polled by Thomson Reuters were looking for.

ADJUSTED OPERATING INCOME: After-tax adjusted operating income increased to $1.34 billion, or $3.08 a share, up from $1.24 billion, or $2.79 a share, a year earlier.

ASSETS UNDER MANAGEMENT: Prudential had $1.39 trillion of assets under management as of March 31, compared with $1.3 trillion a year earlier.

STOCK MOVE: Shares fell 0.3% to $100.98 in after-hours trading Wednesday. Shares are down 5.9% in the last year.

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

(END) Dow Jones Newswires

May 02, 2018 17:24 ET (21:24 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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