MetLife Misses Street Earnings Estimate Despite Overseas Strength

MetLife posted second quarter earnings of $1.39 a share on revenue of $17.8 billion. Wall Street analysts were looking for $1.41 a share on sales of $17.54 billion. Last year, the insurance giant earned $1.44 a share on $17.04 billion in revenue. Operating earnings in the Americas grew 5%, but increased 37% on a reported basis in Europe, the Middle East and Africa. MetLife said sales increased in China and South Korea, but fell in Japan. Net derivative gains added $202 million to profit, helped by falling interest rates. TheStreet's Gregg Greenberg has details from New York.