NEW YORK (AP) _ MetLife Inc. (MET) on Wednesday reported second-quarter profit of $884 million.
On a per-share basis, the New York-based company said it had net income of 77 cents. Earnings, adjusted for non-recurring costs, came to $1.30 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The insurer posted revenue of $17.25 billion in the period. Its adjusted revenue was $17.58 billion.
MetLife shares have risen 3 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 11 percent. In the final minutes of trading on Wednesday, shares hit $55.48, a climb of 31 percent in the last 12 months.
This story was generated by Automated Insights (http://ift.tt/1nCTSu9) using data from Zacks Investment Research. Access a Zacks stock report on MET at http://ift.tt/2faVT5D
Keywords: MetLife, Earnings Report
The post MetLife Beats 2Q Profit Forecasts appeared first on InsuranceNewsNet.
0 Response to " MetLife Beats 2Q Profit Forecasts "
Post a Comment