Friday, February 13, 2009

Great-West Lifeco Q4 2008 Earnings

Scotia Capital, 13 February 2009� EPS of $0.59 beat our $0.54 estimate (consensus at $0.49), ex a $1.51 goodwill hit and $0.08 EPS in other Putnam-related items (restructuring charges and income tax valuation allowance).What It Means� GWO continues its track record of posting results essentially in line. Always encouraging, especially in these markets.� A $1.51 EPS goodwill hit (essentially all

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