MetLife Net Falls 12% on Losses From Hedge Funds, Real Estate
Wednesday, February 4, 2009 : PermalinkBloomberg – MetLife Inc., the largest U.S. life insurer, said fourth-quarter profit declined 12 percent on losses from hedge funds and real estate ventures. Shares gained in extended trading as the company beat analysts’ estimates.
Net income slipped to $985 million, or $1.20 a share, from $1.12 billion, or $1.44, in the year-earlier period, the New York-based insurer said today in a statement. Excluding some investment results, the company made 19 cents a share, six cents better than the average estimate of 17 analysts surveyed by Bloomberg.
Tags: bloomberg, estimates, fourth-quarter, life-insurer, losses, metlife, metlife inc, net-income, quarter-profit, real-estate, six cents
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