February 11, 2016 / 11:20 AM / 2 years ago

Manulife profit misses estimates on energy investments

TORONTO, Feb 11 (Reuters) - Canadian insurer Manulife Financial Corp reported fourth-quarter earnings that missed market estimates on Thursday, hit by the impact of weak oil prices on its investments.

Net income for the quarter ended Dec. 31 was C$246 million, or 11 Canadian cents a share, compared with C$640 million, or 33 Canadian cents a share, a year ago. Core earnings rose to 42 Canadian cents share.

Analysts on average had expected earnings of 45 Canadian cents a share, according to Thomson Reuters I/B/E/S. (Reporting by John Tilak; Editing by Angus MacSwan)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below