MetLife Inc. Q4 Profit Increases, but misses estimates

MetLife Inc. (MET) revealed earnings for its fourth quarter that increased from last year but missed the Street estimates.

The company's bottom line totaled $1.3 billion, or $1.66 per share. This compares with $1.2 billion, or $1.39 per share, in last year's fourth quarter.

Excluding items, MetLife Inc. reported adjusted earnings of $1.2 billion or $1.55 per share for the period.

Analysts on average had expected the company to earn $1.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 18.9% to $16.3 billion from $20.1 billion last year.

MetLife Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $1.3 Bln. vs. $1.2 Bln. last year.
-EPS (Q4): $1.66 vs. $1.39 last year.
-Analyst Estimate: $1.65
-Revenue (Q4): $16.3 Bln vs. $20.1 Bln last year.

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