NEW YORK (TheStreet) -- Shares of Prudential Financial (PRU) fell 1.87% to $87.25 in after-hours trading Wednesday after the company reported third-quarter earnings that misses analysts' expectations.
The company reported adjusted earnings of $1.034 billion, or $2.20 a share, down from $1.373 billion, or $2.89 a share, in the same period one year ago. Revenue rose year-over-year to $11.77 billion from $10.78 billion.
Analysts had expected earnings of $2.41 a share on revenue of $11.38 billion.
For the fourth quarter, analysts expect earnings of $2.40 a share on revenue of $11.85 billion. For the full year, the consensus estimate calls for earnings of $9.70 a share on revenue of $46.1 billion.
Separately, TheStreet Ratings team rates PRUDENTIAL FINANCIAL INC as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate PRUDENTIAL FINANCIAL INC (PRU) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."
- You can view the full analysis from the report here: PRU Ratings Report