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Principal Financial Group Inc. Q3 adjusted earnings Miss Estimates

Principal Financial Group Inc. (PFG) reported a profit for third quarter that decreased from the same period last year.

The company's bottom line came in at $277.1 million, or $0.98 per share. This compares with $456.3 million, or $1.59 per share, in last year's third quarter.

Excluding items, Principal Financial Group Inc. reported adjusted earnings of $345.3 million or $1.23 per share for the period.

Analysts had expected the company to earn $1.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Principal Financial Group Inc. earnings at a glance:

-Earnings (Q3): $345.3 Mln. vs. $481.2 Mln. last year.
-EPS (Q3): $1.23 vs. $1.67 last year.
-Analysts Estimate: $1.46

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