DES MOINES, Iowa (AP) _ Principal Financial Group Inc. (PFG) on Thursday reported first-quarter net income of $376.2 million.

The Des Moines, Iowa-based company said it had profit of $1.43 per share. Earnings, adjusted for investment costs, were $1.63 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.

The financial services company posted revenue of $3.11 billion in the period. Its adjusted revenue was $3.27 billion, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $3.67 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFG at https://www.zacks.com/ap/PFG

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News