Principal Financial Group Inc. Earnings Fall 12% In Q1

(RTTNews) - Principal Financial Group Inc. (PFG) announced a profit for first quarter that fell from last year.

The company said its profit fell to $286.3 million, or $0.97 per share. This was lower than $326.4 million, or $1.09 per share, in last year's first quarter.

Analysts had expected the company to earn $0.99 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 14.8% to $2.94 billion. This was up from $2.56 billion last year.

Principal Financial Group Inc. earnings at a glance:

-Earnings (Q1): $286.3 Mln. vs. $326.4 Mln. last year. -Earnings Decline (Y-o-Y): -12.3% -EPS (Q1): $0.97 vs. $1.09 last year. -EPS Decline (Y-o-Y): -11.0% -Analysts Estimate: $0.99 -Revenue (Q1): $2.94 Bln vs. $2.56 Bln last year. -Revenue Change (Y-o-Y): 14.8%