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Stock impact report

Metlife posts mixed Q2, announces $2 billion share buyback [MarketWatch]

MetLife, Inc. (MET) 
Last metlife, inc. earnings: 2/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.metlife.com
Company Research Source: MarketWatch
Metlife posts mixed Q2, announces $2 billion share buyback Shares of Metlife Inc. MET, -1.18% wavered between gains and losses in the extended session Wednesday after the insurer's adjusted second-quarter profit fell short of expectations but sales were above forecasts. Metlife said it earned $1.7 billion, or $1.77 a share, in the quarter, compared with $845 million, or 83 cents a share, in the second quarter of 2018. Adjusted for one-time items, Metlife earned $1.3 billion, or $1.38 a share, compared with $1.3 billion, or $1.30 a share, a year ago. Revenue fell 17% to $17 billion. Analyts polled by FactSet had expected Metlife to report adjusted earnings of $1.40 a share on sales of $16.6 billion. In a separate press release, Metlife said its board OK'ed a new $2 billion share buyback. The shares ended the regular trading day down 1.2%. Show less Read more
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