MetLife Inc. Earnings Drop 14% In Q3

(RTTNews) - MetLife Inc. (MET) revealed a profit for third quarter that declined compared to the same period last year.

The company said its bottom line declined to $1.21 billion, or $1.13 per share. This was lower than $1.41 billion, or $1.27 per share, in last year's third quarter.

Analysts had expected the company to earn $0.90 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.7% to $16.10 billion. This was up from $15.83 billion last year.

MetLife Inc. earnings at a glance:

-Earnings (Q3): $1.21 Bln. vs. $1.41 Bln. last year. -Earnings Decline (Y-o-Y): -14.2% -EPS (Q3): $1.13 vs. $1.27 last year. -EPS Decline (Y-o-Y): -11.0% -Analysts Estimate: $0.90 -Revenue (Q3): $16.10 Bln vs. $15.83 Bln last year. -Revenue Change (Y-o-Y): 1.7%