NEW YORK (AP) — NEW YORK (AP) — MetLife Inc. (MET) on Wednesday reported second-quarter earnings of $402 million.
The New York-based company said it had net income of 48 cents per share. Earnings, adjusted for non-recurring costs, were $1.94 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The insurer posted revenue of $16.62 billion in the period. Its adjusted revenue was $18.63 billion, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $17.13 billion.
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