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PRU Prudential Financial profit up 182%

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MiamiGent Member Level  Wednesday, 08/01/12 04:51:36 PM
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PRU Prudential Financial profit up 182%
BY MarketWatch 4:36 PM ET 08/01/2012

http://stockcharts.com/h-sc/ui?s=PRU

SAN FRANCISCO (MarketWatch) -- Prudential Financial, Inc. (PRU) reported after the close Wednesday a second-quarter profit of $2.2 billion, or $4.64 a share, up from $779 million, or $1.58 a share, a year ago. Revenue for the three months ended June 30 increased about 13% to $11.41 billion from $10.1 billion. Analysts polled by FactSet had expected the Newark, N.J.-based financial service provider to earn $1.54 a share. In after-hours trade, the stock fell 1.6% to $46.80 a share. Ahead of the report, share price was down over 18% over the past 12 months.


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