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MetLife (MET) Stock Slumps in After-Hours Trading on Q2 Earnings Miss

NEW YORK (TheStreet) -- Shares of MetLife (MET) are sliding in after-hours trading on Wednesday after the company posted weaker-than-anticipated results for the 2016 second quarter.

After today's closing bell, the New York-based insurance company reported operating earnings of 83 cents per share, while analysts were expecting earnings of $1.35 per share.

Last year, MetLife earned $1.56 per share.

Revenue declined 6% to $15.24 billion year-over-year and was below analysts' estimates of $17.26 billion.

"Second quarter results were negatively impacted by market factors, our annual...