Manulife Q1 2008 Earnings

RBC Capital Markets, 9 May 2008Q1/08 core EPS of $0.57 was well below our $0.73 estimate and the consensus estimate of $0.72.� The quarter was disappointing, highlighted by greater sensitivity to equity markets than we expected. However, the causes of the miss should not be as detrimental to earnings in Q2/08 and beyond and Manulife continues to grow its core business.� This was a disappointing