Prudential Financial, Inc. (PRU) topped Q2 earnings estimates on improved performance of its U.S. Businesses. The company engages in the provision of financial products and services and is an active global investment manager. The company reported adjusted operating income of $3.79 per share for the quarter, beating consensus estimate of $2.97 per share. Also, the bottom line compares favorably with last year's $1.85 per share. Prudential’s U.S. Businesses reported adjusted operating income of $1.09 billion, compared to $455 million in the year-ago quarter. The upside was supported by higher variable investment income, and higher net fee income, driven primarily by equity market appreciation.
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Prudential Financial (NYSE:PRU)
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