Affiliated Managers Group Q2 EPS $4.45 Beats $4.23 Estimate, Sales $512.50M Miss $539.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Affiliated Managers Group (NYSE:AMG) reported Q2 earnings of $4.45 per share, beating the analyst consensus estimate of $4.23 by 5.2%. This is a 10.42% increase from the same period last year. However, the company's quarterly sales of $512.50 million missed the analyst consensus estimate of $539.59 million by 5.02%, marking a 15.16% decrease from the same period last year.
July 26, 2023 | 10:54 am
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Affiliated Managers Group's Q2 earnings beat estimates but sales missed estimates. This mixed result could lead to uncertainty in the market.
While the company's earnings beat estimates, which is a positive sign, the missed sales estimates could be a cause for concern. This mixed result could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
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