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Thursday, May 4, 2017

MetLife Earnings Improve, Uptrend Begins?

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MetLife reported QE March 2017 financial results on May 3




Summary

● Non-GAAP earnings per share of $1.41 solidly beat the analysts’ estimate of $1.27. GAAP EPS returned to a positive +$0.75, after the prior quarter disastrous loss of -$1.94.

● MET stock reached a closing high of $57.39 on December 9, 2016, has declined almost 10% subsequently, and is negative for 2017. Will this positive earnings report reverse the downtrend?

● Additional solid quarterly financial performances are needed, but a base and possibly an uptrend has been established for the stock price.


Read more analysis and see the financial charts at Seeking Alpha!


About MetLife

MetLife, Inc. is a leading global provider of insurance, annuities, employee benefits and asset management, serving approximately 100 million customers and more than 90 of the top one hundred FORTUNE 500® companies. Through its subsidiaries and affiliates, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.


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