BrightSphere Investment Q2 Adj EPS $0.28, Inline, Adj Sales $95.00M Beat $93.95M Estimate
Portfolio Pulse from saritha@benzinga.com
BrightSphere Investment (NYSE:BSIG) reported Q2 earnings of $0.28 per share, meeting analyst consensus. This is a 31.71% decrease from last year's earnings. The company's quarterly sales of $95.00 million beat the analyst consensus of $93.95 million by 1.12%, but decreased by 0.52% from last year.
August 04, 2023 | 1:06 pm
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BrightSphere Investment's Q2 earnings met expectations but decreased YoY. Sales beat estimates but also decreased YoY.
BrightSphere's earnings met analyst expectations, which is positive. However, the YoY decrease in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100