MetLife Stock Surges on Solid Q1 Earnings
MetLife's (NYSE: MET) stock surged today after the life insurance giant posted solid gains in revenue and net income in the first quarter, beating earnings estimates.
Net income jumped to $4.4 billion, or $4.75 per share, from $1.3 billion, or $1.40 per share, in the first quarter of 2019. Adjusted earnings, which is a more accurate year-over-year measure for insurance companies, was up 2% to $1.4 billion over the previous year's quarter. Adjusted earnings per share was $1.58 per share, up 3% from the first quarter of 2019. Total revenue climbed 12% in the quarter to $18.3 billion.
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Source Fool.com
