Brighthouse Financial: 2Q Earnings Snapshot
CHARLOTTE, N.C. (AP) _ Brighthouse Financial Inc. (BHF) on Monday reported a second-quarter loss of $239 million, after reporting a profit in the same period a year earlier.
The Charlotte, North Carolina-based company said it had a loss of $2.01 per share. Earnings, adjusted for non-recurring costs, came to $1.27 per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.
The annuity and life insurance company posted revenue of $1.7 billion in the period. Its adjusted revenue was $2.09 billion.
Brighthouse Financial shares have declined 25 percent since the beginning of the year.