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MetLife: 2Q Earnings Snapshot

July 31, 2019

NEW YORK (AP) _ MetLife Inc. (MET) on Wednesday reported second-quarter earnings of $1.74 billion.

On a per-share basis, the New York-based company said it had profit of $1.77. Earnings, adjusted for non-recurring gains, came to $1.38 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The insurer posted revenue of $17.5 billion in the period. Its adjusted revenue was $16.45 billion.

MetLife shares have climbed 20% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 19%. In the final minutes of trading on Wednesday, shares hit $49.40, a climb of 8% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MET at https://www.zacks.com/ap/MET

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