Prudential Financial Reports Fourth-Quarter Loss, Misses Expectations
Prudential Financial Inc. (PRU) reported a fourth-quarter loss of $57 million, or 17 cents per share, on Tuesday. Adjusted for non-recurring costs, earnings were $2.96 per share, below Wall Street's consensus estimate of $3.28 per share.
Revenue also fell short of expectations, coming in at $13.01 billion compared to the $14.15 billion anticipated by analysts.
For the full year, Prudential reported a profit of $2.73 billion, or $7.50 per share, on revenue of $68.05 billion.