Prudential Financial Reveals 12% Fall In Q4 Profit

(RTTNews) - Prudential Financial (PRU) reported earnings for fourth quarter that retreated from last year.

The company said its earnings dropped to $0.89 billion, or $1.94 per share. This was lower than $1.01 billion, or $2.12 per share, in last year's fourth quarter.

Analysts had expected the company to earn $2.30 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 16.3% to $13.25 billion. This was down from $15.83 billion last year.

Prudential Financial earnings at a glance:

-Earnings (Q4): $0.89 Bln. vs. $1.01 Bln. last year. -Earnings Decline (Y-o-Y): -11.9% -EPS (Q4): $1.94 vs. $2.12 last year. -EPS Decline (Y-o-Y): -8.5% -Analysts Estimate: $2.30 -Revenue (Q4): $13.25 Bln vs. $15.83 Bln last year. -Revenue Change (Y-o-Y): -16.3%