Prudential Beats Estimates

Prudential (PRU Quote) reversed a year-ago loss in the fourth quarter, as it got a revenue boost from insurance premiums.

The company said its financial services business earned $481 million, or 92 cents a share, compared to a net loss of $71 million, or 10 cents a share, in the year-ago period.

Fourth-quarter revenue was $4.5 billion, down from $4.6 billion in the year-ago period. But revenue from insurance premiums increased to $2.04 billion from $1.96 billion a year ago. ...