Prudential: Fourth Quarter Earnings Overview

Prudential Financial Announces Fourth-Quarter Earnings

Prudential Financial Inc., headquartered in Newark, New Jersey, revealed on Tuesday that it earned $905 million in profit during the fourth quarter.

The company reported net earnings of $2.55 per share for the quarter. After accounting for one-time items, adjusted earnings came to $3.30 per share.

These adjusted results fell short of analyst predictions, as a consensus of nine analysts polled by Zacks Investment Research had anticipated earnings of $3.37 per share.

Prudential’s revenue for the quarter reached $14.52 billion, surpassing the $13.69 billion forecasted by seven Zacks analysts.

For the full year, Prudential Financial posted a profit of $3.58 billion, or $9.99 per share, with total revenue amounting to $57.68 billion.