Brighthouse Monetary Reviews 1Q Earnings Loss

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CHARLOTTE, N.C. (AP) _ Brighthouse Monetary Inc. (BHF) on Monday reported a lack of $737 million in its first quarter.

On a per-share foundation, the Charlotte, North Carolina-based firm mentioned it had a lack of $6.31. Earnings, adjusted for non-recurring prices, had been $1.98 per share.

The outcomes didn’t meet Wall Avenue expectations. The typical estimate of 5 analysts surveyed by Zacks Funding Analysis was for earnings of $2.12 per share.

The annuity and life insurance coverage firm posted income of $691 million within the interval.

Brighthouse Monetary shares have climbed 40% for the reason that starting of the yr. Within the ultimate minutes of buying and selling on Monday, shares hit $42.77, a drop of 14% within the final 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing information from Zacks Funding Analysis. Entry a Zacks inventory report on BHF at https://www.zacks.com/ap/BHF

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