Invesco: 2Q Earnings Snapshot
ATLANTA (AP) _ Invesco PLC (IVZ) on Thursday reported second-quarter profit of $40.1 million.
On a per-share basis, the Atlanta-based company said it had net income of 9 cents. Earnings, adjusted for one-time gains and costs, came to 65 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.
The investment management company posted revenue of $1.44 billion in the period.
Invesco shares have climbed 20% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 20%. The stock has decreased 24% in the last 12 months.