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Barchart
Sohini Mondal

What You Need To Know Ahead of MetLife's Earnings Release

MetLife

New York-based MetLife, Inc. (MET) is a global financial services company, specializing in insurance, annuities, employee benefits, and asset management. With a market cap of $60.7 billion, it offers a diverse range of protection and investment products to both individual and institutional customers. The company is set to unveil its fiscal Q3 earnings results after the market closes on Wednesday, Oct. 30.

Ahead of this event, analysts expect the insurer to report a profit of $2.16 per share, up 9.6% from $1.97 per share in the year-ago quarter. The company has surpassed or met Wall Street's bottom-line estimates in two of the past four quarters while missing on two other occasions. In the most recent quarter, the company exceeded the consensus EPS estimate by a 7% margin due to strong performance in its group benefits unit.

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