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NEW YORK, Nov 4 (Reuters) - Prudential Financial Inc , the No. 2 U.S. life insurer, said on Wednesday it had a third-quarter profit, reversing a year earlier loss, on record annuity sales and better performance in its investment portfolios. The insurer reported net income of $1.09 billion or $2.35 a share, compared with a net loss of $118 million, or 25 cents a share, in the year-earlier quarter. Newark, New Jersey-based Prudential said adjusted operating earnings, which exclude investment gains and losses, were $733 million, or $1.59 a share, compared with $430 million, or $1.02 cents a share in the same quarter last year. On that basis, analysts on average expected Prudential to earn $1.33 a share, according to Thomson Reuters I/B/E/S. Shares fell 45 cents to $46.56 in Wednesday trade on the New York Stock Exchange. The stock has traded in a range between $10.65 and $55.98 in the past year. (Reporting by Lilla Zuill and Elinor Comlay, editing by Leslie Gevirtz) Keywords: PRUDENTIAL/ (elinor.comlay@thomsonreuters.com; +1 646 223 6116) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
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