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Manulife hits 2016 earnings target, beats market expectations
February 9, 2017 / 11:18 AM / in 8 months

Manulife hits 2016 earnings target, beats market expectations

TORONTO, Feb 9 (Reuters) - Manulife Financial Corp, met its target to achieve earnings of C$4 billion in 2016, reporting results which beat market expectations, benefiting from a strong performance in Asia.

The company on Thursday reported earnings of C$4.02 billion ($3.06 billion), or C$1.96 Canadian cents per share, compared with C$3.43 million, or C$1.68 Canadian cents per share, a year earlier.

Analysts on average had expected earnings of C$1.85 per share, according to Thomson Reuters I/B/E/S.

$1 = 1.3120 Canadian dollars Reporting by Matt Scuffham; editing by Jason Neely

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