MetLife Inc. Profit Drops 19% In Q1

(RTTNews) - MetLife Inc. (MET) revealed earnings for first quarter that decreased compared to the same period last year.

The company said its earnings declined to $1.33 billion, or $1.20 per share. This was lower than $1.64 billion, or $1.44 per share, in last year's first quarter.

Analysts had expected the company to earn $1.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.5% to $16.61 billion. This was down from $17.03 billion last year.

MetLife Inc. earnings at a glance:

-Earnings (Q1): $1.33 Bln. vs. $1.64 Bln. last year. -Earnings Decline (Y-o-Y): -18.9% -EPS (Q1): $1.20 vs. $1.44 last year. -EPS Decline (Y-o-Y): -16.7% -Analysts Estimate: $1.38 -Revenue (Q1): $16.61 Bln vs. $17.03 Bln last year. -Revenue Change (Y-o-Y): -2.5%