MetLife Q3 Profit Tops Estimate

(RTTNews) - MetLife, Inc. (MET) reported net income for the third quarter of $2.1 billion or $1.81 per share, compared to $942 million or $0.84 per share for the year-ago quarter.

Operating earnings for the third quarter were $1.8 billion or $1.60 per share, compared to $1.5 billion or $1.34 per share in the prior year quarter.

Premiums, fees & other revenues for the third quarter rose 8% to $12.73 billion from $11.82 billion a year ago.

Total operating revenue for the quarter increased 7% to $17.92 billion from $16.81 billion last year.

Analysts polled by Thomson Reuters expected the company to earn $1.38 per share on revenue of $17.72 billion for the third quarter. Analysts' estimates typically exclude special items.