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Principal Financial: 2Q Earnings Snapshot

DES MOINES, Iowa (AP) _ Principal Financial Group Inc. (PFG) on Monday reported second-quarter net income of $398.3 million.

On a per-share basis, the Des Moines, Iowa-based company said it had net income of $1.45. Earnings, adjusted for investment costs, were $1.46 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The financial services company posted revenue of $3.11 billion in the period. Its adjusted revenue was $3.18 billion.

Principal Financial shares have fallen 19% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Monday, shares hit $44.71, a fall of 26% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFG at https://www.zacks.com/ap/PFG