Sun Life Financial Inc (SLF) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Sun Life Financial Inc (SLF) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $0.87 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.90. The company posted revenue of $8782.00 million in the period, compared to analysts expectations of $5223.57 million. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on Sun Life Financial Inc. Barclays Resumed Sun Life Financial Inc on Mar 7, 2016 to “Overweight”, Price Target of the shares are set at $44.Sun Life Financial Inc was Upgraded by CIBC to ” Sector Outperform” on Feb 11, 2016.

Sun Life Financial Inc closed down -0.14 points or -0.43% at $32.79 with 3,30,644 shares getting traded on Friday. Post opening the session at $32.61, the shares hit an intraday low of $32.43 and an intraday high of $33.01 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Sun Life Financial Inc. (Sun Life Financial) is a financial services organization which provides a range of protection and wealth products and services to individuals and corporate customers. The Company operates in five segments: Sun Life Financial Canada (SLF Canada) Sun Life Financial United States (SLF U.S.) MFS Investment Management (MFS) Sun Life Financial Asia (SLF Asia) and Corporate. The Company distributes its products through a variety of distribution channels including direct sales agents managing general agents independent general agents financial intermediaries broker-dealers banks pension and benefits consultants and other third-party marketing organizations. The Company operates in Canada the United States the United Kingdom Ireland Hong Kong the Philippines Japan Indonesia India China Australia Singapore Vietnam Malaysia and Bermuda.

Sun Life Financial Inc

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