Want to join the conversation?
$PRU said annuities earnings were $375MM for 2Q16, down $48MM from a year ago. The earnings decrease was mainly driven by a 7% decline in policy charges and fee, reflecting a roughly similar decline in average account values. Higher expenses also contributed to the earnings decline and the decrease in return on assets.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.