Investing.com - MetLife (NYSE:MET) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
MetLife announced earnings per share of $1.58 on revenue of $15.54B. Analysts polled by Investing.com anticipated EPS of $1.43 on revenue of $16.4B. That with comparison to EPS of $1.48 on revenue of $16.3B in the same period a year before.MetLife had reported EPS of $1.98 on revenue of $17.14B in the previous quarter.Analysts are expecting EPS of $1.31 and revenue of $16.31B in the upcoming quarter.
MetLife shares are down 35.43% from the beginning of the year and are trading at $32.97 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.2% year to date.
MetLife shares gained 0.18% in after-hours trade the report.
MetLife follows other major Financial sector earnings this month
MetLife's report follows an earnings missed by Berkshire Hathaway on Saturday, who reported EPS of $3608.56 on revenue of $26.06B, compared to forecasts EPS of $3777.89 on revenue of $63.31B.
JPMorgan had missed expectations on April 14 with first quarter EPS of $0.78 on revenue of $29.07B, compared to forecast for EPS of $1.87 on revenue of $29.54B.
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