Invesco: 2Q Earnings Snapshot
Posted July 28, 2020 4:25 am.
Last Updated July 28, 2020 4:32 am.
This article is more than 5 years old.
ATLANTA (AP) _ Invesco PLC (IVZ) on Tuesday reported second-quarter profit of $40.5 million.
The Atlanta-based company said it had profit of 9 cents per share. Earnings, adjusted for one-time gains and costs, came to 35 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The investment management company posted revenue of $1.42 billion in the period.
Invesco shares have declined 40% since the beginning of the year, while the Standard & Poor’s 500 index has stayed nearly flat. The stock has fallen 45% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IVZ at https://www.zacks.com/ap/IVZ
The Associated Press
