NEWARK, N.J. (AP) _ Prudential Financial Inc. (PRU) on Tuesday reported a loss of $284 million in its third quarter.
The Newark, New Jersey-based company said it had a loss of 78 cents per share. Earnings, adjusted for non-recurring costs, were $2.13 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 $2.21 per share.
The financial services company posted revenue of $21.61 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $12.76 billion.
Mercury General: Q3 Earnings Snapshot
Hanover Insurance: Q3 Earnings Snapshot
Advisor News
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
- House panel advances CLEAR Forms Act backed by IRI
- Modifying life insurance based on evolving needs
- Gen X faces ‘pension envy’ as they head into retirement
More Advisor NewsAnnuity News
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
- A-Cap strikes back with lawsuit accusing SC regulators of sloppy process, leaking secrets
- AM Best to Discuss Its Views on Private Credit Surge and Risks at 2026 NAIC/NIPR Insurance Summit
- OID recovers $260M in life insurance benefits
- NUNN BILLS TO COMBAT PAYMENT SCAMS, CUT FINANCIAL RED TAPE PASS FINANCIAL SERVICES COMMITTEE
More Annuity NewsHealth/Employee Benefits News
Life Insurance News