Prudential Financial Inc. (PRU) reported third-quarter consolidated net income attributable to the company of $1.082 billion compared to a loss of $176 million last year.
Net income of Financial Services Businesses attributable to the company was $1.090 billion or $2.35 per share compared to a loss of $118 million or $0.25 per share last year.
Closed Block Business net loss attributable to the company was $8 million compared to a loss of $58 million last year.
On average, 18 analysts polled by Thomson Reuters expected the company to report profit of $1.33 per share for the quarter. Analysts' estimates typically exclude special items.
Consolidated revenues increased to $8.564 billion from $7.030 billion last year. Total revenues for Financial Services Businesses was $6.596 billion compared to $6.353 billion last year. Revenues for Closed Block Business Data were $1.548 billion compared to $1.778 billion last year.
Analysts expected revenue of $6.65 billion for the quarter.
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