Brighthouse Financial: Q2 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Brighthouse Financial Inc. (BHF) on Tuesday reported a second-quarter loss of $175 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of $3.01. Earnings, adjusted for non-recurring costs, came to $4.13 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.55 per share.
The annuity and life insurance company posted revenue of $263 million in the period. Its adjusted revenue was $2.16 billion, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $2.07 billion.
Brighthouse Financial shares have risen 6.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $54.60, a rise of 19% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BHF at https://www.zacks.com/ap/BHF
