MetLife: 2Q Earnings Snapshot
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.