NEW YORK (TheStreet) -- MetLife
(MET - Get Report) reported that second quarter profits more than doubled, aided by increased revenue from derivatives, to $1.34 billion, or $1.39 per diluted share, on revenue of $18.26 billion.
Analysts were expecting a profit of $1.41 per share on revenue of $17.5 billion.
MetLife shares are flat in after-hours trading today.
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TheStreet Ratings team rates METLIFE INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:"We rate METLIFE INC (MET) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
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