DES MOINES, Iowa (AP) _ Principal Financial Group Inc. (PFG) on Thursday reported second-quarter net income of $309.5 million.
On a per-share basis, the Des Moines, Iowa-based company said it had profit of $1.06. Earnings, adjusted for investment costs, came to $1.31 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The financial services company posted revenue of $3.18 billion in the period. Its adjusted revenue was $3.27 billion.
Principal Financial shares have increased 15 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 11 percent. In the final minutes of trading on Thursday, shares hit $66.63, a rise of 49 percent in the last 12 months.
This story was generated by Automated Insights (http://ift.tt/1nCTSu9) using data from Zacks Investment Research. Access a Zacks stock report on PFG at http://ift.tt/2h9aPlo
Keywords: Principal Financial, Earnings Report
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