Principal Financial reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Principal Financial announced earnings per share of $1.15 on revenue of $4.55B. Analysts polled by anticipated EPS of $1.13 on revenue of $3.82B. That with comparison to EPS of $1.43 on revenue of $3.68B in the same period a year before. Principal Financial had reported EPS of $1.41 on revenue of $4.19B in the previous quarter. Analysts are expecting EPS of $1.25 and revenue of $3.88B in the upcoming quarter.
Principal Financial shares are down 42% from the beginning of the year , still down 47.94% from its 52 week high of $60.81 set on July 26, 2019. They are under-performing the S&P 500 which is down 11.29% year to date.
Principal Financial follows other major Financial sector earnings this month
Principal Financial's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on April 15 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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