Insurance provider Metlife Inc. (MET) late Wednesday posted mixed second quarter earnings results.
The New York-based company reported second quarter net income of $2.26 billion, or $2.12 per share, compared with $1.07 billion, or $1 per share, in the year-ago period. On an operating basis, earnings were $1.33 per share.
Revenue rose less than 1% from last year to $16.79 billion.
On average, Wall Street analysts expected a smaller profit of $1.25 per share, albeit on higher revenue of $16.98 billion.
Metlife shares were mostly flat in aftermarket trading Wednesday.
The Bottom Line
Shares of Metlife (MET) have a 1.43% dividend yield, based on today’s closing stock price of $48.79. The stock has technical support in the $27-$28 price area. If the shares can firm up, we see overhead resistance around the $33-$34 price levels.
Metlife Inc. (MET) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here