MetLife: Q1 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — MetLife Inc. (MET) on Wednesday reported first-quarter profit of $80 million.

On a per-share basis, the New York-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring costs, came to $1.52 per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.

The insurer posted revenue of $15.39 billion in the period. Its adjusted revenue was $16.13 billion, which also missed Street forecasts. Six analysts surveyed by Zacks expected $16.81 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