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.