NEW YORK (AP) — NEW YORK (AP) — MetLife Inc. (MET) on Wednesday reported third-quarter profit of $1.34 billion.
The New York-based company said it had profit of $1.81 per share. Earnings, adjusted for non-recurring costs, came to $1.93 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share.
The insurer posted revenue of $18.44 billion in the period. Its adjusted revenue was $17.61 billion, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $18.47 billion.
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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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