Principal Financial Group Inc. Q4 Earnings Drop 6%

(RTTNews) - Principal Financial Group Inc. (PFG) announced a profit for fourth quarter that declined compared to the same period last year.

The company said its bottom line dropped to $303.2 million, or $1.02 per share. This was down from $324.0 million, or $1.09 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.7% to $2.89 billion. This was down from $2.97 billion last year.

Principal Financial Group Inc. earnings at a glance:

-Earnings (Q4): $303.2 Mln. vs. $324.0 Mln. last year. -Earnings Decline (Y-o-Y): -6.4% -EPS (Q4): $1.02 vs. $1.09 last year. -EPS Decline (Y-o-Y): -6.4% -Analysts Estimate: $1.05 -Revenue (Q4): $2.89 Bln vs. $2.97 Bln last year. -Revenue Change (Y-o-Y): -2.7%