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NEW YORK (AP) — NEW YORK (AP) — MetLife Inc. (MET) on Wednesday reported fourth-quarter net income of $1.24 billion.
On a per-share basis, the New York-based company said it had profit of $1.78. Earnings, adjusted for non-recurring costs, came to $2.08 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.
The insurer posted revenue of $18.67 billion in the period. Its adjusted revenue was $19.74 billion, surpassing Street forecasts. Five analysts surveyed by Zacks expected $19.23 billion.
For the year, the company reported profit of $4.23 billion, or $5.94 per share. Revenue was reported as $73.05 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MET at https://www.zacks.com/ap/MET