Prudential beats 3Q profit forecasts

Prudential Financial Inc. (PRU) on Wednesday reported third-quarter net income of $1.83 billion.

The Newark, New Jersey-based company said it had profit of $4.07 per share. Earnings, adjusted for non-recurring gains, were $2.66 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.50 per share.

The financial services company posted revenue of $15.05 billion in the period.

Prudential shares have climbed roughly 3 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 3 percent. In the final minutes of trading on Wednesday, shares hit $83.79, decreasing slightly in the last 12 months.


Elements of this story were generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PRU at


Keywords: Prudential, Earnings Report


This story corrects that quarterly revenue was $15.05 billion, $13.38 billion.