What's Going On With Prudential plc Shares Today?
Portfolio Pulse from Lekha Gupta
Prudential plc (NYSE:PUK) shares fell after reporting FY 2023 results with increased insurance revenue, new business profit, and adjusted operating profit. The company also raised its dividend, reflecting positive financial and operational performance and strategic progress.
March 20, 2024 | 4:53 pm
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NEGATIVE IMPACT
Prudential plc reported strong FY 2023 results with increased revenue, profit, and dividends, yet shares dropped 5.14%.
Despite Prudential plc's positive FY 2023 financial performance, including higher insurance revenue, new business profit, and an increased dividend, the stock price fell. This could be due to market expectations being higher than the reported results or broader market conditions affecting stock performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100