TORONTO (AP) _ Sun Life Financial Inc. (SLF) on Wednesday reported first-quarter net income of $486.7 million.
On a per-share basis, the Toronto-based company said it had profit of 78 cents. Earnings, adjusted for non-recurring costs, came to 90 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The financial services company posted revenue of $8.57 billion in the period.
Sun Life shares have climbed 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.09, a rise of almost 1% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLF at https://www.zacks.com/ap/SLF