MetLife: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 05:39 PM ET
Last Updated - Jun 21, 2023, 11:11 PM EDT
NEW YORK (AP) — NEW YORK (AP) — MetLife Inc. (MET) on Wednesday reported first-quarter profit of $80 million.
On a per-share basis, the New York-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring costs, came to $1.52 per share.
The results missed 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 $15.39 billion in the period. Its adjusted revenue was $16.13 billion, which also missed Street forecasts. Six analysts surveyed by Zacks expected $16.81 billion.
