Prudential Financial Q1 adjusted earnings Miss Estimates

(RTTNews) - Prudential Financial (PRU) released earnings for first quarter that dropped from the same period last year.

The company's bottom line totaled $0.93 billion, or $2.22 per share. This compares with $1.36 billion, or $3.14 per share, in last year's first quarter.

Excluding items, Prudential Financial reported adjusted earnings of $1.26 billion or $3.00 per share for the period.

Analysts had expected the company to earn $3.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Prudential Financial earnings at a glance:

-Earnings (Q1): $1.26 Bln. vs. $1.34 Bln. last year. -EPS (Q1): $3.00 vs. $3.08 last year. -Analysts Estimate: $3.16