Manulife versus Sun LifeBoth Manulife and Sunlife beat expectations but manulife is up 3% and SLF down 5% - Why an an 8% delta on roughly the same earnings beat??
Manulife Core earnings in the three months through December rose to 84 Canadian cents per share, up 13.5% from a year earlier and compared with analysts' expectations of 82 Canadian cents per share, according to IBES data from Refinitiv.
Sun Life's underlying quarterly profit grew 4.2% to C$898 million from a year earlier, or C$1.53 per share, compared with analysts estimates of C$1.52 per share.