Principal Financial Group Inc. Q3 Earnings Fall 10%

(RTTNews) - Principal Financial Group Inc. (PFG) released a profit for third quarter that retreated from last year.

The company said its bottom line declined to $317.0 million, or $1.06 per share. This was lower than $353.7 million, or $1.19 per share, in last year's third quarter.

Analysts had expected the company to earn $1.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 27.1% to $3.24 billion. This was up from $2.55 billion last year.

Principal Financial Group Inc. earnings at a glance:

-Earnings (Q3): $317.0 Mln. vs. $353.7 Mln. last year. -Earnings Decline (Y-o-Y): -10.4% -EPS (Q3): $1.06 vs. $1.19 last year. -EPS Decline (Y-o-Y): -10.9% -Analysts Estimate: $1.06 -Revenue (Q3): $3.24 Bln vs. $2.55 Bln last year. -Revenue Change (Y-o-Y): 27.1%