Prudential Financial (PRU) Q1 Earnings Miss, Revenues Rise Y/Y
Prudential(PRU) Zacks Investment Research·2024-05-02 00:16
Prudential Financial, Inc. (PRU) reported first-quarter 2024 adjusted operating income of $3.12 per share, which missed the Zacks Consensus Estimate by 1.2%. The bottom line climbed 15.5% year over year.Total revenues of $21.7 billion jumped 44.8% year over year, beating the Zacks Consensus Estimate by 46.8%. The rise in revenues was due to higher premiums, net investment income, asset management fees, commissions and other income.Prudential Financial's quarterly results reflected a rise in asset management ...