MetLife Inc. Q2 Profit Falls 48%

(RTTNews) - MetLife Inc. (MET) released earnings for second quarter that decreased from last year.

The company said its bottom line declined to $0.92 billion, or $0.83 per share. This was lower than $1.77 billion, or $1.56 per share, in last year's second quarter.

Analysts had expected the company to earn $1.15 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.3% to $16.96 billion. This was down from $17.36 billion last year.

MetLife Inc. earnings at a glance:

-Earnings (Q2): $0.92 Bln. vs. $1.77 Bln. last year. -Earnings Decline (Y-o-Y): -48.0% -EPS (Q2): $0.83 vs. $1.56 last year. -EPS Decline (Y-o-Y): -46.8% -Analysts Estimate: $1.15 -Revenue (Q2): $16.96 Bln vs. $17.36 Bln last year. -Revenue Change (Y-o-Y): -2.3%