Prudential Financial Turns To Profit In Q1 - Quick Facts

(RTTNews) - Prudential Financial, Inc. (PRU) reported first-quarter net income of Financial Services Businesses attributable to Prudential Financial was $1.2 billion or $2.59 per share, compared to a loss of $735 million or $1.58 per share.

After-tax adjusted operating income for the Financial Services Businesses was $1.14 billion, or $2.40 per share, compared to $1.07 billion or $2.27 per share last year.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $2.26 for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the Financial Services Businesses decreased to $10.94 billion, from $11.80 billion, prior year. Analysts expected revenue of $11.72 billion for the quarter.