Brighthouse Financial: Q3 Earnings Snapshot
By AP News
Published - Nov 07, 2024, 06:34 PM ET
Last Updated - Dec 16, 2024, 05:34 PM EST
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Brighthouse Financial Inc. (BHF) on Thursday reported third-quarter earnings of $176 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $2.47. Earnings, adjusted for non-recurring costs, were $3.99 per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.50 per share.
The annuity and life insurance company posted revenue of $2.02 billion in the period. Its adjusted revenue was $2.18 billion, also missing Street forecasts. Six analysts surveyed by Zacks expected $2.21 billion.
