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MetLife, Prudential Head Wednesday’s After-Market Earnings Reports

MetLife (NYSE:MET), Prudential Financial (NYSE:PRU) and The Hartford Financial Services (NYSE:HIG) are among 12 large-cap companies of $5 billion or more which posted their quarterly earnings reports after the market closed Wednesday. Following is a brief recap of the main points of those earnings and any resulting after-market action on the stocks, along with each stock’s intraday performance. The companies listed are those who submitted their earnings prior to 5 p.m. ET (nine companies).


MetLife was hit-and-miss in its quarterly earnings report. MetLife’s EPS for the quarter was $1.33, which was 8 cents better than estimates; however, the revenue of $16.8 billion missed targets by $190 million. The stock fell 1/1 percent on the day but came back slightly after-hours to $30.45.

Prudential also had a mixed result in its report, with its EPS of $1.34 missing estimates by 20 cents, while the revenue of $11/4 billion beat the Street by $800 million. Shares were down 1.5 percent on the day, but are back up nearly 1 percent after-hours to $48.

The Hartford raised some eyebrows by posting an EPS of 23 cents, which may not be in equal comparison with estimates of 48 cents. The initial reaction to the report sent the stock down 2 percent after the bell to $16.

Other noteworthy earnings reports from Wednesday:

General Growth Properties (NYSE:GGP) showed a positive report, as EPS of 23 cents and revenue of $624 million beat estimates by 2 cents and $13 million. Shares are up about 1 percent on the day, sitting at $18.27 after the close.

Lincoln National (NYSE:LNC) saw some green in its quarterly report, as EPS of $1.09 and revenue of $2.89 billion beat the Street by 10 cents and $50 million, respectively. After being down about 1 percent on the day, the stock is back up about half a point to just under $20.

Annaly Capital Management (NYSE:NLY) posted a solid EPS of 5 cents, which beat estimates by 6 cents and was up from 4 cents in the previous quarter. The interest-rate spread was down 0.17 from the prior quarter to 1.54 percent. The stock has fallen 1 percent all day, resting at $17.23 after-hours.

Tenaris (NYSE:TS) is another company that defied estimates, with EPS of 78 cents and revenue of $2.80 billion topping predictions by 11 cents and $20 million, respectively. The stock was up half-a-point during the day, closing just shy of $38.50.

Unum Group (NYSE:UNM) may see a bounce Thursday after it reported EPS of 79 cents beat estimates by 3 cents, and revenue of $2.62 billion was consistent with estimates. The stock was off 1.5 percent on the day to $18.60.

Williams Partners (NYSE:WPZ) may be at risk of a downward movement Thursday, as the company posted an EPS of 29 cents, which missed estimates by 16 cents. The stock was down nearly 1 percent on the day, closing at $53.04.

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