Investing.com - Prudential Financial (NYSE:PRU) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Prudential (LON:PRU) Financial announced earnings per share of $2.32 on revenue of $13.33B. Analysts polled by Investing.com anticipated EPS of $2.78 on revenue of $14.18B. That with comparison to EPS of $3 on revenue of $13.65B in the same period a year before.Prudential Financial had reported EPS of $2.33 on revenue of $17.45B in the previous quarter.Analysts are expecting EPS of $2.67 and revenue of $13.7B in the upcoming quarter.
Prudential Financial shares are down 37.33% from the beginning of the year and are trading at $57.01 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.6% year to date.
Prudential Financial shares lost 2.96% in after-hours trade the report.
Prudential Financial follows other major Financial sector earnings this month
Prudential Financial's report follows an earnings missed by Berkshire Hathaway on Saturday, who reported EPS of $3608.56 on revenue of $26.06B, compared to forecasts EPS of $3777.89 on revenue of $63.31B.
JPMorgan had missed expectations on April 14 with first quarter EPS of $0.78 on revenue of $29.07B, compared to forecast for EPS of $1.87 on revenue of $29.54B.
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