Manulife: Q4 Earnings Snapshot

Associated Press Finance
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TORONTO (AP) — TORONTO (AP) — Manulife Financial Corp. (MFC) on Wednesday reported fourth-quarter profit of $1.22 billion.

The Toronto-based company said it had profit of 63 cents per share. Earnings, adjusted for non-recurring costs, came to 68 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The financial services company posted revenue of $10.96 billion in the period.

For the year, the company reported profit of $3.78 billion, or $1.93 per share. Revenue was reported as $36.1 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MFC at https://www.zacks.com/ap/MFC

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