Sun Life Financial Inc. (NYSE:SLF) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
Previous Quarter Performance
Sun Life Financial Inc. came out with income for the second quarter of $ 0.91 per share, from the revenue of $ 10,954.00 million. The quarterly earnings contracted 3.19 percent while revenues gained 42.06 percent compared with the same quarter last year.
According to street consensus, SLF was expected to report 2Q20 income of $ 0.89 per share from revenue of $ 6380.00 million. The bottom line results beat street analysts by $ 0.02 or 2.25 percent, at the same time, top line results outshined analysts by $ 4,574.00 million or 71.69 percent.
Stock Performance
Shares of Sun Life Financial Inc. traded up $ 1.44 or 3.57 percent on Tuesday, reaching $ 41.74 with volume of 598.50 thousand shares. Sun Life Financial Inc. has traded high as $ 42.01 and has cracked $ 40.95 on the downward trend
According to the previous trading day, closing price of $ 41.74, representing a 65.37 % increase from the 52 week low of $ 24.37 and a 19.61 % decrease over the 52 week high of $ 50.13.
The company has a market capital of $ 24.41 billion and is part of the Financial Services sector and Insurance – Diversified industry.
Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate. It offers life, health, wellness, disability, critical illness, stop-loss, and long-term care insurance products.
