Manulife: 3Q Earnings Snapshot
TORONTO (AP) _ Manulife Financial Corp. (MFC) on Wednesday reported third-quarter earnings of $547.7 million.
The Toronto-based company said it had net income of 27 cents per share. Earnings, adjusted for non-recurring costs, came to 58 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.
The financial services company posted revenue of $17.14 billion in the period.
Manulife shares have risen 36% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.31, a rise of 17% in the last 12 months.