Brighthouse Financial: 3Q Earnings Snapshot
CHARLOTTE, N.C. (AP) _ Brighthouse Financial Inc. (BHF) on Monday reported a loss of $271 million in its third quarter.
The Charlotte, North Carolina-based company said it had a loss of $2.26 per share. Earnings, adjusted for non-recurring costs, were $2.23 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share.
The annuity and life insurance company posted revenue of $1.42 billion in the period.
Brighthouse Financial shares have dropped 27 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $42.61, a drop of 26 percent in the last 12 months.