Invesco Q3 Adj $0.35 Misses $0.36 Estimate, Sales $1.10B Inline
Portfolio Pulse from Benzinga Newsdesk
Invesco's Q3 earnings per share of $0.35 missed the analyst consensus estimate of $0.36 by 2.78 percent, despite being a 2.94 percent increase from the same period last year. The company's quarterly sales of $1.10 billion met the analyst consensus estimate, but represented a 1.17 percent decrease from the same period last year.
October 24, 2023 | 11:13 am
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Invesco's Q3 earnings per share missed the analyst consensus estimate, but increased from the same period last year. Sales met estimates but decreased from the same period last year.
Invesco's earnings miss could negatively impact the stock in the short term as it indicates the company's profitability is lower than expected. However, the YoY increase in earnings and the fact that sales met estimates could mitigate this impact to some extent. The decrease in sales YoY could also negatively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100