Sun Life Financial Q1 Adj $1.11 Misses $1.20 Estimate, Sales $5.10B Down From $8.86B YoY
Portfolio Pulse from Benzinga Newsdesk
Sun Life Financial (NYSE:SLF) reported Q1 adjusted earnings of $1.11 per share, missing the consensus estimate of $1.20, and a 42.45% decrease in sales to $5.10B from $8.86B YoY.
May 09, 2024 | 10:21 pm
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Sun Life Financial reported lower than expected Q1 earnings and a significant decrease in sales compared to last year.
Missing the earnings estimate and reporting a significant year-over-year decrease in sales are both negative indicators for a company's financial health and stock price. Investors typically react negatively to such news, which can lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100