Investing.com - Manulife Financial reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of C$0.76 on revenue of C$28.83B. Analysts polled by Investing.com expected EPS of C$0.73 on revenue of C$17.6B. That compared to EPS of C$0.75 on revenue of C$8.04B in the same period a year earlier. The company had reported EPS of C$0.72 on revenue of C$11.33B in the previous quarter.
For the year, Manulife Financial shares are up 31.49%, outperforming the S&P/TSX which is up 18.23% year to date.
Manulife Financial follows other major Financial sector earnings this month
On Wednesday, October 30, 2019, Great-West Lifeco reported third quarter EPS of C$0.79 on revenue of C$14.37B, compared to forecasts of EPS of C$0.75 on revenue of C$12.01B.
Intact Financial earnings beat analyst's expectations on Tuesday, with third quarter EPS of C$1.91 on revenue of C$3.01B. Investing.com analysts expected EPS of C$1.76 on revenue of C$2.89B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar