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
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100