Investing.com - MetLife (NYSE:MET) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.48 on revenue of $15.45B. Analysts polled by Investing.com forecast EPS of $1.27 on revenue of $16B. That compared to EPS of $1.36 on revenue of $14.81B in the same period a year earlier. The company had reported EPS of $1.35 on revenue of $15.66B in the previous quarter.
For the year, MetLife shares are up 11.32%, under-performing the S&P 500 which is up 17.99% year to date.
MetLife follows other major Financial sector earnings this month
On Friday, April 12, 2019, JPMorgan reported first quarter EPS of $2.65 on revenue of $29.85B, compared to forecasts of EPS of $2.35 on revenue of $28.44B.
Bank of America earnings beat analyst's expectations on Tuesday, April 16, 2019, with first quarter EPS of $0.7 on revenue of $23B. Investing.com analysts expected EPS of $0.66 on revenue of $23.16B
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