MetLife beats by $0.13, misses on revs (52.10 +0.08)
- Reports Q1 (Mar) earnings of $1.41 per share, excluding non-recurring items, $0.13 better than the Capital IQ Consensus of $1.28; revenues fell 11.7% year/year to $16.27 bln vs the $17.02 bln Capital IQ Consensus.
- RoE 5.0% compared to 12.6% in prior year.
- Book value, excluding AOCI other than FCTA, was $50.52 per share, down 5 percent from $53.31 at March 31, 2016.
- MetLife's first quarter 2017 operating ROE, excluding AOCI other than FCTA, was 11.3 percent, and the company's operating tangible ROE was 13.8 percent.