DES MOINES, Iowa (AP) _ Principal Financial Group Inc. (PFG) on Tuesday reported fourth-quarter profit of $236.5 million.
On a per-share basis, the Des Moines, Iowa-based company said it had profit of 83 cents. Earnings, adjusted for non-recurring costs, came to $1.11 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The financial services company posted revenue of $3.77 billion in the period. Its adjusted revenue was $3.88 billion.
For the year, the company reported profit of $1.55 billion, or $5.36 per share. Revenue was reported as $14.31 billion.
Principal Financial shares have increased 12 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 5 percent. In the final minutes of trading on Tuesday, shares hit $49.62, a fall of 33 percent 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