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Manulife profit misses estimates on energy investments

Published 2016-02-11, 06:19 a/m
© Reuters.  Manulife profit misses estimates on energy investments
MFC
-

TORONTO, Feb 11 (Reuters) - Canadian insurer Manulife
Financial Corp MFC.TO 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.

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