Brighthouse Financial, which is a major provider of annuities and life insurance in the US, was the S&P 500’s top loser on February 13. After declining for two consecutive trading weeks, Brighthouse Financial started this week on a stronger note. However, Brighthouse Financial opened lower on Tuesday and closed the day at five-month low price levels.
The selling pressure in Brighthouse Financial increased on Tuesday amid the release of its disappointing 4Q17 earnings report. According to the report, the net income in 4Q17 was $668 million or $5.58 per share. The EPS (earnings per share) in 4Q17 was $0.37—excluding nonrecurring gains. The EPS was less than analysts’ forecast of $2.11. The revenues in 4Q17 were $1.88 billion.
On February 13, Brighthouse Financial declined 8.0% and closed the day at $53.56.
Next, we’ll discuss how Henry Schein and Mattel performed on Tuesday.