MetLife Inc. Q3 Profit Decreases, but beats estimates

(RTTNews) - MetLife Inc. (MET) reported a profit for third quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $0.33 billion, or $0.41 per share. This compares with $1.52 billion, or $1.77 per share, in last year's third quarter.

Excluding items, MetLife Inc. reported adjusted earnings of $0.97 billion or $1.21 per share for the period.

Analysts on average had expected the company to earn $1.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 31.7% to $22.27 billion from $16.91 billion last year.

MetLife Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $0.33 Bln. vs. $1.52 Bln. last year. -EPS (Q3): $0.41 vs. $1.77 last year. -Analyst Estimates: $1.17 -Revenue (Q3): $22.27 Bln vs. $16.91 Bln last year.