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Principal Financial: 3Q Earnings Snapshot

DES MOINES, Iowa (AP) _ Principal Financial Group Inc. (PFG) on Thursday reported third-quarter earnings of $277.1 million.

The Des Moines, Iowa-based company said it had net income of 98 cents per share. Earnings, adjusted for investment costs, were $1.23 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

Principal Financial shares have climbed 30% since the beginning of the year, while the Standard & Poor's 500 index has climbed 20%. In the final minutes of trading on Thursday, shares hit $57.40, a climb of 17% 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