Manulife Financial Q4 Adj $0.68 Beats $0.63 Estimate, Sales $1.30B Down From $12.08B YoY
Portfolio Pulse from Benzinga Newsdesk
Manulife Financial (NYSE:MFC) reported Q4 earnings of $0.68 per share, surpassing the $0.63 estimate, marking a 3.03% increase from last year. However, sales plummeted to $1.30B from $12.08B YoY, an 89.21% decrease.

February 14, 2024 | 10:23 pm
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Manulife Financial reported a significant beat on Q4 earnings per share but faced a drastic decrease in sales compared to last year.
While the earnings per share beat might initially seem positive, the substantial drop in sales year-over-year could raise concerns among investors about the company's revenue generation capabilities and overall financial health. This mixed result makes the short-term impact on the stock price uncertain, as investors weigh the positive earnings surprise against the significant sales decline.
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