MetLife Meets Estimates as Earnings Jump 26%
Updated from 11:54 a.m. EST
MetLife (MET - Get Report), the insurance giant, said Tuesday that it hit Wall Street's profit target in the latest quarter, recording a 26% increase in its third-quarter operating earnings while posting solid gains in income from investments and life insurance.
MetLife reported operating earnings of $384 million, or 49 cents a share, in the quarter ended Sept. 30, compared with pro forma earnings of $305 million, or 39 cents a share, a year earlier. Analysts had anticipated earnings of 49 cents a share in the latest quarter, according to First Call/Thomson Financial, a research firm.
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