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Insurance and financial services provider Prudential Financial, Inc. ( PRU ) late Wednesday posted better-than-expected fourth quarter earnings results, driven by strong annuity sales.

The Newark, NJ-based company reported fourth quarter net income of $213 million, 45 cents per share, compared with $1.79 billion, or $3.78 per share, in the year-ago period. Last year's results included a massive one-time gain from the sale of its stake in a brokerage to Wells Fargo ( WFC ).

Excluding one-time items, adjusted profit came to $1.78 per share. Revenue jumped 16% from last year to $8.13 billion.

On average, Wall Street analysts expected a much smaller adjusted profit of $1.49 per share, on lower revenue of $7.86 billion.

Prudential shares were mostly flat in premarket trading Thursday.

The Bottom Line
Shares of Prudential ( PRU ) have a 1.82% dividend yield, based on last night's closing stock price of $63.13. The stock has technical support in the $58-$60 price area. If the shares can firm up, we see overhead resistance around the $66-$69 price levels.

Prudential Financial, Inc. ( PRU ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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