MetLife Inc. recently announced a significant increase in its earnings for the first fiscal quarter in comparison to the previous year. The company's net profit was reported at $800 million, equivalent to $1.10 per share. This demonstrates a substantial growth from the $14 million, or $0.02 per share, reported during the same period the previous year.
When excluding certain variables, the adjusted earnings of MetLife Inc. reached approximately $1.33 billion or $1.83 per share for this reporting period. A positive growth was reflected in the company's quarterly revenue as well, rising by 4.4% to a total of $16.06 billion from $15.39 billion in the previous year.
In a quick review, MetLife Inc.'s earnings following the Generally Accepted Accounting Principles (GAAP) were as follows:
-Q1 Earnings: $800 Million, a significant increase from last year's $14 Million.
-Q1 Earnings Per Share (EPS): $1.10, a substantial growth from the previous year's $0.02.
-Q1 Revenue: $16.06 Billion, up from $15.39 Billion the previous year.
