DES MOINES, Iowa (AP) _ Principal Financial Group Inc. ( PFG ) reported a second-quarter profit of $3.06 billion on Monday.
Per share, the Des Moines, Iowa-based company said it had net income of $11.94. Earnings, adjusted for investment gains, came to $1.65 per share.
The results beat Wall Street expectations. The average estimate of five analysts polled by Zacks Investment Research was for earnings of $1.39 per share.
The financial services company posted revenue of $6.66 billion during the period. Its adjusted revenue was $3.14 billion, which missed Street forecasts. Four analysts polled by Zacks expected $3.24 billion.