Prudential Financial, Inc.PRU
▲ PositiveCapitalrelevance
Q2 EPS beat estimates and revenue rose 4.8%.
Impact on stocks 1
Aging Population
Prudential Financial, Inc.Prudential Q2 revenue rises 4.8% to $14.16 billion, EPS beats estimates
Earnings
Prudential Financial reported second-quarter revenue of $14.16 billion, a 4.8% increase from a year ago, while earnings per share came in at $4.08 compared with $3.58 in the prior-year period. Revenue edged past the Zacks Consensus Estimate of $14.15 billion, and EPS exceeded the consensus of $3.47 by 17.58%. Among key metrics, U.S. Businesses Retirement ending account value reached $362.73 billion, below the $371.56 billion analyst estimate, and PGIM affiliated assets under management and administration totaled $546 billion, slightly above the $545.92 billion forecast. Net investment income on an adjusted operating basis rose 12% year over year to $5.15 billion, while premiums declined 1.6% to $6.33 billion, missing the $6.7 billion estimate.
Prudential Financial, Inc.Q2 EPS beat estimates and revenue rose 4.8%.