Invesco Q2 Adj $0.31 Misses $0.40 Estimate, Sales $1.09B Miss $1.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Invesco reported Q2 earnings of $0.31 per share, missing the analyst consensus estimate of $0.40 by 22.5%. The company's quarterly sales were $1.09 billion, missing the estimate of $1.11 billion by 1.71%. This represents a 20.51% decrease in earnings and a 7.07% decrease in sales compared to the same period last year.
July 25, 2023 | 11:02 am
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Invesco's Q2 earnings and sales missed estimates, indicating a potential negative impact on the company's stock price in the short term.
Invesco's earnings and sales for Q2 have both missed estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100