TORONTO (AP) — TORONTO (AP) — Sun Life Financial Inc. (SLF) on Thursday reported first-quarter net income of $621.6 million.
The Toronto-based company said it had net income of $1.04 per share. Earnings, adjusted for non-recurring costs, came to $1.11 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The financial services company posted revenue of $5.1 billion in the period.
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