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Principal Financial Group Inc. Q4 adjusted earnings Miss Estimates

Principal Financial Group Inc. (PFG) released earnings for fourth quarter that decreased from last year.

The company's bottom line came in at $236.5 million, or $0.83 per share. This compares with $841.8 million, or $2.87 per share, in last year's fourth quarter.

Excluding items, Principal Financial Group Inc. reported adjusted earnings of $378.9 million or $1.11 per share for the period.

Analysts had expected the company to earn $1.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Principal Financial Group Inc. earnings at a glance:

-Earnings (Q4): $378.9 Mln. vs. $453.5 Mln. last year.
-EPS (Q4): $1.11 vs. $1.19 last year.
-Analysts Estimate: $1.30

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