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Prudential swings to profit, but revenue dips

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Prudential Financial Inc. [s:pru] swung to a third-quarter profit. Net income for the financial services business was $981 million, or $2.07 a share, compared to a net loss of $627 million, or $1.34 a share, a year earlier. Revenue fell 18 percent to $10.8 billion, from $13.2 billion a year earlier, the insurance company said Wednesday. Analysts had expected earnings of $2.11 a share on revenue of $11.9 billion, according to FactSet. Shares in Prudential were down 0.2 percent in after-market trading.

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