Invesco (IVZ) Q2 Earnings Beat Despite Y/Y Revenue Decline
Invesco(IVZ) ZACKS·2024-07-23 23:31
Invesco’s (IVZ) second-quarter 2024 adjusted earnings of 43 cents per share surpassed the Zacks Consensus Estimate of 41 cents. The bottom line increased 38.7% from the prior-year quarter.Results have been primarily aided by a decline in adjusted expenses. An increase in the assets under management (AUM) balance on decent inflows was a positive. However, marginally lower adjusted revenues hurt results to some extent.On a GAAP basis, net income attributable to common shareholders was $132.2 million or 29 cen ...