Brighthouse Financial Misses 4Q Profit Forecasts

CHARLOTTE, N.C. (AP) _ Brighthouse Financial Inc. (BHF) on Monday reported fourth-quarter net income of $668 million.

The Charlotte, North Carolina-based company said it had net income of $5.58 per share. Earnings, adjusted for non-recurring gains, came to 37 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.

The annuity and life insurance company posted revenue of $1.88 billion in the period.

Brighthouse Financial shares have decreased nearly 1 percent since the beginning of the year.

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

The post Brighthouse Financial Misses 4Q Profit Forecasts appeared first on InsuranceNewsNet.

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