Prudential Financial 4Q Profit Falls; Premiums Rose 32%
February 06 2019 - 5:20PM
Dow Jones News
By Kiana Cornish
Prudential Financial Inc. (PRU) on Wednesday reported
fourth-quarter net income of $842 million, or $1.99 a share, down
from $3.77 billion, or $8.61 a share, in the year-ago quarter.
The year-ago results included a benefit of $2.87 billion as a
result of changes in the tax code.
On an adjusted basis, the Newark, N.J., company reported
earnings of $2.44 a share, down from $2.69 a year earlier. Analysts
polled by FactSet were expecting earnings of $2.78 a share.
Revenue rose 17% to $17.78 billion, helped by a 32% increase
from premiums.
Write to Kiana Cornish at kiana.cornish@wsj.com
(END) Dow Jones Newswires
February 06, 2019 17:05 ET (22:05 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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