RTTNews | Nov 4, 2020 04:26PM EST

16:26 Wednesday, November 4, 2020 (RTTNews.com) - MetLife Inc. (MET) reported a profit for third quarter that dropped from the same period last year.

The company's bottom line totaled $0.63 billion, or $0.69 per share. This compares with $2.15 billion, or $2.30 per share, in last year's third quarter.

Excluding items, MetLife Inc. reported adjusted earnings of $1.58 billion or $1.73 per share for the period.

Analysts had expected the company to earn $1.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.4% to $16.51 billion from $16.92 billion last year.

MetLife Inc. earnings at a glance:

-Earnings (Q3): $1.58 Bln. vs. $1.19 Bln. last year.-EPS (Q3): $1.73 vs. $1.27 last year.-Analysts Estimate: $1.61-Revenue (Q3): $16.51 Bln vs. $16.92 Bln last year.

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