Brighthouse Financial: Q2 Earnings Snapshot

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Brighthouse Financial Inc. (BHF) on Wednesday reported second-quarter net income of $34 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Charlotte, North Carolina-based company said it had profit of 12 cents. Earnings, adjusted for non-recurring costs, were $5.57 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.36 per share.

The annuity and life insurance company posted revenue of $1.43 billion in the period. Its adjusted revenue was $2.22 billion, also beating Street forecasts. Six analysts surveyed by Zacks expected $2.2 billion.