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Shares of Principal Financial Group (NYSE:PFG) are trading 1.2% higher to $22.46 after hours Monday after the pany reported Q4 operating EPS of $0.62, short of consensus estimates of $0.65. Revenues for the quarter fell 6% year over year to $2.4 billion, narrowly missing consensus estimates of $2.5 billion. Larry D. Zimpleman, chairman, president and CEO, mented, "Fourth quarter was a solid finish to a very solid year for The Principal, demonstrating the resiliency of our businesses. With improved market conditions and business fundamentals, the fourth quarter was a continuation of positive trends from the past two quarters. "2009 was a year of strong management action to address some of the most challenging economic and market conditions in 75 years. We took the necessary actions to align expenses with revenues; we enhanced liquidity through the crisis; and we strengthened our capital position with our equity and debt capital raises. We also continued to implement our strategy to deliver sustainable, long term growth by expanding our portfolio of employee benefit and investment offerings; adding new distribution alliances; and extending our joint venture with Banco do Brasil for 23 years."
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