TORONTO (AP) _ Sun Life Financial Inc. (SLF) on Tuesday reported first-quarter earnings of $309.4 million.
The Toronto-based company said it had net income of 50 cents per share. Earnings, adjusted for non-recurring costs, were 98 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The financial services company posted revenue of $4.82 billion in the period.
Sun Life shares have declined 30% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $31.96, a fall of 22% in the last 12 months.