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Brighthouse Financial Climbs on Q4 Revenue Results

Rob Lenihan

jumped 13.95% to $40.68 Tuesday after the annuity and life insurance company beat Wall Street's fourth-quarter revenue expectations. The Charlotte, N.C.-based company posted revenue of $4 billion, up 114.1% year over year, outpacing the Zacks Consensus Estimate by 96.5%. Adjusted earnings came to $199 million, or $1.68 a share, below the average estimate of five analysts surveyed by Zacks Investment Research, which called for earnings of $1.74 a share.