Prudential (PRU) Q4 Earnings Surpass Estimates, Fall Y/Y
Zacks Investment Research | Feb 04, 2020 10:10PM ET
Prudential Financial, Inc.’s (NYSE:PRU) fourth-quarter 2019 operating net income of $2.33 per share beat the Zacks Consensus Estimate by 15.9% on the back of Prudential (LON:PRU) Global Investment Management (PGIM), U.S. Individual Solutions and U.S. Workplace Solutions segments. However, the bottom line declined 4.5% year over year.
Behind the Headlines
Total revenues of $17.4 billion were down 1.9% year over year due to lower asset management fees, commissions and other income. But the top line beat the Zacks Consensus Estimate by 18.5%.
Total benefits and expenses of $16.2 billion dipped 1.2% year over year in the quarter. This decrease in expenses was mainly attributable to lower insurance and annuity benefits.
Prudential Financial, Inc. Price, Consensus and EPS Surprise
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