MetLife's Q4 Earnings Miss Expectations, Revenue Surpasses Forecasts
NEW YORK - MetLife Inc. (MET) announced a net income of $1.24 billion for the fourth quarter on Wednesday. On a per-share basis, the company reported earnings of $1.78. Adjusted for non-recurring costs, earnings reached $2.08 per share, falling short of analysts' expectations.
Wall Street analysts surveyed by Zacks Investment Research had forecasted earnings of $2.13 per share. MetLife's revenue for the quarter amounted to $18.67 billion, with adjusted revenue reaching $19.74 billion. The latter figure exceeded analysts' estimates of $19.23 billion, as reported by five analysts polled by Zacks.
For the full year, MetLife reported a profit of $4.23 billion ($5.94 per share) and revenue of $73.05 billion.