Invesco: 4Q Earnings Snapshot
ATLANTA (AP) _ Invesco PLC (IVZ) on Wednesday reported fourth-quarter net income of $114.2 million.
The Atlanta-based company said it had net income of 28 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, were 44 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.
The investment management company posted revenue of $1.26 billion in the period.
For the year, the company reported profit of $882.8 million, or $2.14 per share. Revenue was reported as $5.31 billion.
Invesco shares have increased 14 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 5 percent. The stock has fallen 49 percent in the last 12 months.