MetLife Profits Wallop Last Year's Numbers

MetLife, the largest life insurance company in the United States, said on Tuesday fourth-quarter earnings increased fivefold from a year ago on gains from the sale of New York apartment complexes and higher revenues.

Analysts and investors had expected the apartment sale to boost earnings but were surprised by the 10 percent gain in revenues, which enabled MetLife to beat their estimates by 18 cents a share.

MetLife Profits Wallop Last Year's Numbers
Source: CNN/Money