MetLife Q2 Earnings Beat Estimates

Filed under: Major Movement, Earnings Reports, Good news, Options, Technical Analysis, MetLife Inc. (MET)

MetLife (MET – option chain) shares are rising today after the company reported earnings last night, posting a second-quarter profit of .5 billion, or .84 per share. MET’s operating income came in at .23 per share on revenue of .83 billion. Analysts had forecast a profit of .00 per share on revenue of .05 billion. If you think that the stock won’t fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on MET.

MET opened this morning at .25. So far today the stock has hit a low of .50 and a high of .75. As of 12:10, MET is trading at .95 up .75 (4.3%). The chart for MET looks bullish and S&P gives MET a positive 4 STARS (out of 5) buy ranking.

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MetLife Q2 Earnings Beat Estimates originally appeared on BloggingStocks on Fri, 30 Jul 2010 13:00:00 EST. Please see our terms for use of feeds.

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