MetLife Inc. Q3 Profit Falls 62%

(RTTNews) - MetLife Inc. (MET) released earnings for third quarter that fell from last year.

The company said its bottom line fell to $0.70 billion, or $0.62 per share. This was lower than $1.82 billion, or $1.60 per share, in last year's third quarter.

Analysts had expected the company to earn $0.76 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.3% to $17.97 billion. This was up from $17.92 billion last year.

MetLife Inc. earnings at a glance:

-Earnings (Q3): $0.70 Bln. vs. $1.82 Bln. last year. -Earnings Decline (Y-o-Y): -61.5% -EPS (Q3): $0.62 vs. $1.60 last year. -EPS Decline (Y-o-Y): -61.2% -Analysts Estimate: $0.76 -Revenue (Q3): $17.97 Bln vs. $17.92 Bln last year. -Revenue Change (Y-o-Y): 0.3%