Prudential Financial Q1 Adj $3.12 Misses $3.13 Estimate, Sales $21.70B Beat $14.50B Estimate
Portfolio Pulse from Benzinga Newsdesk
Prudential Financial (NYSE:PRU) reported Q1 earnings of $3.12 per share, slightly missing the consensus estimate of $3.13. However, their quarterly sales of $21.70 billion significantly exceeded the $14.50 billion estimate, marking a substantial year-over-year growth.
April 30, 2024 | 8:55 pm
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Prudential Financial's Q1 earnings per share missed estimates by a narrow margin, but sales far exceeded expectations, showing strong year-over-year growth.
Despite the slight miss in earnings per share, the substantial beat in sales revenue is likely to be viewed positively by investors, indicating strong company performance and potential for future growth. This could lead to a positive short-term impact on PRU's stock price.
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