TORONTO (AP) — TORONTO (AP) — Sun Life Financial Inc. (SLF) on Monday reported third-quarter net income of $1 billion.
On a per-share basis, the Toronto-based company said it had net income of $1.71. Earnings, adjusted for non-recurring gains, were $1.29 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The financial services company posted revenue of $11.24 billion in the period. Its adjusted revenue was $6.29 billion.
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