DES MOINES, Iowa (AP) — DES MOINES, Iowa (AP) — Principal Financial Group Inc. (PFG) on Thursday reported first-quarter net income of $424.6 million.

On a per-share basis, the Des Moines, Iowa-based company said it had profit of $1.93. Earnings, adjusted for investment costs, came to $2.07 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.

The financial services company posted revenue of $3.53 billion in the period. Its adjusted revenue was $3.52 billion, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $4.11 billion.

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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