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Shares fall as AGF Management reports lower Q4, full-year earnings

January 29, 2014

TORONTO _ Investment firm AGF Management Ltd. (TSX:AGF.B) reported earnings Wednesday that fell short of expectations as it felt the impact of high restructuring costs in the fourth quarter. The Toronto -based wealth management firm earned $7.1 million , or eight cents per diluted share, in net income from continuing operations for the three months ended Nov. 30, 2013 . Its adjusted net income from continuing operations was $9.7 million or 11 cents per share. Analysts had estimated 12 cents per share of adjusted earnings, according to Thomson Reuters.

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Source: Canadian Press DataFile

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