Prudential Financial's Profit Falls

The company's financial-services business had net income of $197 million, down from $263 million a year ago.
By TSC Staff ,

Prudential Financial

(PRU) - Get Report

posted a fall in first-quarter profit Tuesday.

Prudential's financial-services business had net income of $197 million, or 39 cents a share, compared with $263 million, or 46 cents a share, a year ago.

Excluding special items, the segment's earnings were $303 million, or 58 cents a share, down from $336 million, or 59 cents a share, a year earlier.

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