Earnings Volatility Drives Principal Financial Group and These Stocks in a New Direction

Principal Financial Group Inc. (NYSE:PFG) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share increased 34.72% to $0.97 in the quarter versus EPS of $0.72 in the year-earlier quarter. Revenue Rose 9.11% to $2.31 billion from the year-earlier quarter.

Principal Financial Group Inc. reported adjusted EPS income of $0.97 per share. By that measure, the company beat the mean analyst estimate of $0.82. It missed the average revenue estimate of $2.38 billion.

PFG

Legg Mason Inc. (NYSE:LM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share increased to $0.68 in the quarter versus EPS of $-0.07 in the year-earlier quarter. Revenue Rose 6.3% to $670.4 million from the year-earlier quarter.

Legg Mason Inc. reported adjusted EPS income of $0.68 per share. By that measure, the company beat the mean analyst estimate of $0.36. It beat the average revenue estimate of $655.62 million.

LM

Valley National Bancorp (NYSE:VLY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share were the same at $0.17 in the quarter as EPS of $0.17 in the year-earlier quarter. Revenue Decreased 25.42% to $142.77 million from the year-earlier quarter.

Valley National Bancorp reported adjusted EPS income of $0.17 per share. By that measure, the company beat the mean analyst estimate of $0.15. It beat the average revenue estimate of $142.06 million.

VLY

Realty Income Corp. (NYSE:O) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Adjusted Earnings Per Share increased 22.45% to $0.60 in the quarter versus EPS of $0.49 in the year-earlier quarter. Revenue Rose 59.37% to $184.3 million from the year-earlier quarter.

Realty Income Corp. reported adjusted EPS income of $0.6 per share. By that measure, the company beat the mean analyst estimate of $0.59. It missed the average revenue estimate of $184.32 million.

O

Janus Capital Group Inc. (NYSE:JNS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Adjusted Earnings Per Share increased 7.69% to $0.14 in the quarter versus EPS of $0.13 in the year-earlier quarter. Revenue Rose 7.74% to $215.8 million from the year-earlier quarter.

Janus Capital Group Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company missed the mean analyst estimate of $0.15. It missed the average revenue estimate of $217.76 million.

JNS

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