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Rating:Invesco's Q2 2012 Earnings Are Down Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 26, 2012

Invesco's Q2 2012 Earnings Are Down

News summary by MFWire's editors

Invesco [profile] has shown strong 1-, 3- and 5- year performance, as well as total shareholder return of capital of $153 million for the second quarter of 2012. However, their share value fell for this quarter.

Martin L. Flanagan, president and CEO, stressed that "Investment performance was strong across all time periods, with 73%, 73% and 77% of assets ahead of peers over one, three and five years, reflecting our commitment to delivering investment excellence to our clients."

But earnings fell 16 percent as its fees from its investment business fell. Total revenue fell to $712.1 million compared with $763.3 million in the same quarter the year prior. Net income fell to $184.7 million, or 41 cents per diluted share, from $201.0 million, or 44 cents per diluted share. They also reported a profit of $153.9 million, or 34 cents a share, a decline from $183 million, or 39 cents a share.

Analysts surveyed by Thomson Reuters had predicted a 43 cent per-share profit on $1.04 billion in revenue, the Wall Street Journal reports

Edited by: JY


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