Benzinga | Oct 26, 2020 04:44PM EDT

Recap: Principal Financial Group Q3 Earnings

Shares of Principal Financial Group (NASDAQ:PFG) decreased 7.72% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 17.07% year over year to $1.44, which beat the estimate of $1.39.

Revenue of $3,292,000,000 decreased by 27.23% year over year, which missed the estimate of $3,630,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Principal Financial Group hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $57.73

52-week low: $23.31

Price action over last quarter: down 7.90%

Company Description

Principal Financial Group Inc is a provider of retirement savings, investment, and insurance products, with approximately $540 billion in assets under management and nearly 20 million customers as of the recent quarter. It operates in four business segments that are Retirement and Income Solutions, Principal Global Investors, Principal International, and United States Insurance Solutions.The company receives maximum revenue in the form of premiums.